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Instablog9ja
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34m FBI arrests, charges Nigerian tech entrepreneur Inegbedion for a whopping $1.5 million Internet fra¥d, money laundering
The Federal Bureau of Investigations has filed a 16-count criminal indictment against Kingsley Inegbedion and Efemena Igbe over Internet fraud and money-laundering allegations of $1.5 million, Peoples Gazette is reporting,
According to the FBI in the indictment filed on May 14 in the U.S. District Court for the Northern District of Georgia, Atlanta Division, Messrs Inegbedion and Igbe perpetrated romance scams and business email compromise posing as legit businesses to defraud innocent American citizens between April 2020 and May 2023.
Mr Inegbedion, a network engineer who ran training programmes for aspiring tech workers in Atlanta, was known previously to law enforcement, documents said. Some of the banks include HSBC, Citi Bank, Synovus Bank, Navy Federal Credit Union Truist Bank, Associated Credit Union and Georgia’s Own Credit Union. “The sham corporate entities did not have physical premises, earn legitimate income, or pay wages to employees,” the FBI said in the indictment.
They asked victims to wire money to these accounts which appeared legit and quickly distributed the fraudulent funds into other accounts within and outside the U.S. in an attempt to conceal the fra¥d. In February 2021, $50,120 was withdrawn from Camtech’s Navy Federal account number ending with 4893. Another $60,000 was withdrawn in June 2021 from the same bank, but a different account number ended with 4854, registered under Kingtech Global Auto.
The FBI also found a purchase of $160,000 cashier’s cheque #4817 from Kingtech’s Truist account ending with 0619 in September 2022, among other fraudulent transactions At other times, the duo conspired with unknown persons who directed victims through emails and other means to pay into the fraudulent accounts. Mr Igbe already fled to Nigeria after security agents invited him for questioning before the indictment was filed leaving Mr Inegbedion to answer and defend the charges preferred by the FBI
The FBl is seeking a restitution of funds and forfeiture of property obtained through the fraud scheme to the U.S. government. “Upon conviction of the offences alleged in counts one through sixteen of this indictment, the defendants, Efemena Igbe and Kingsley Inegbedion, shall forfeit to the United States of America, pursuant to Title 18, United States Code, Section 982(a) (1), any property, real or personal, involved in such offence, and any property traceable to such property including, but not limited to, a money judgement, that is, a sum of money in United States currency representing the amount of property involved in the offence,” said the FBI statement. nstabiogy a
Shortly after the grand jury returned the indictment, Mr Inegbedion was picked up and remanded in custody.
SolarEdge Stock Swoons As 'Excess Inventory' Leads To Layoffs
SolarEdge Technologies (SEDG) Is Cu...
Investopedia
1 h
9
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SolarEdge Technologies (SEDG) is cutting 400 employees from its workforce thanks to an inventory backlog and declining revenue, according to a Securities and Exchange Commission (SEC) filing Monday.
Half the job cuts will occur in Israel, where the company is based. The company had 5,633 employees as of Dec. 31, 2023.
In a letter to employees, Chief Executive Officer (CEO) Zvi Lando cited “an accumulation of excess inventory,” adding that solar installation rates are rising slower than expected in Europe.
Comparatively, Lando expressed more optimism about North America.
“In North America, we are beginning to see some slight growth in installation rates, and we continue to ramp up our U.S. manufacturing capacity,” Lando said. “This is a major opportunity both for SolarEdge and for our customers.”
SolarEdge stock slumped 15% to $26.90 as of 1:53 p.m. ET Monday, and is down more than 70% so far in 2024.
A chunk of that decline came late last month after SolarEdge announced that one of its customers had filed for Chapter 7 bankruptcy and likely wouldn’t be able to pay its multimillion-dollar debt.
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Instablog9ja
2 hrs
12
Gov. Babajide Sanwo-Olu has rocked NYSC uniform, as he gifted Lagos corpers N100,000 each during their passing-out-parade.
Governor of Lagos State, Mr Babajide sanwoolu was at the temporary site of the Lagos state orientation camp for Corper to inspect the orientation of the 2024 batch B stream 1 and has made some announcements today at the Lagos NYSC Camp:
1. A Sum of N5b for the construction of a new Permanent Site for Lagos NYSC Camp
2. A sum of N100,000 for each Youth Corper passing out today (to be delivered next week directly into their accounts)
3. Automatic Employment into the Lagos Public Service for the best 100 Corpers after service year (for this batch) and a 32-Seater Hyundai Bus (delivered already today)
Click to watch
Instablog9ja
3 hrs
10
VeryDarkMan has subtly claimed to be behind the arrest of businessman Blord over allegations of cryptocurrency fra¥d, aiding internet fra¥d, computer-related fra¥d, t3rrorism funding and others
He said he thought he had influence. When he come out of police detention, he’ll learn to be humble, because he complained to him about his customer service and he was ins¥lting him instead of working on what he complained about.
Click to watch
Instablog9ja
4 hrs
15
NPF PRO, Olumuyiwa Adejobi, has confirmed the arrest of businessman BLord over allegations of cryptocurrency fra¥d, aiding internet fra¥d, computer-related fra¥d, t3rrorism funding, others.
The FCID (NPF-NCCC) is currently investigating complaints lodged against BLORD GROUP, BLORD REAL ESTATE LTD, BLORD JETPAYE LIMITED, and BILLPOINT TECHNOLOGY. These offences include allegations bothering on cryptocurrency fra¥d, aiding internet fra¥d, computer-related fra¥d, t£rrorism funding, and non-compliance with regulatory frameworks.
We will do due diligence in our investigations. Our cyber space in Nigeria must be safe and secured by all means. We are committed to achieving that.
Instablog9ja
5 hrs
13
Wizkid’s third son, Zion, has penned an adorable message to him on his 34th birthday.
He said words cannot adequately convey the d£pth of love and gratitude for you. Happy birthday.
