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$11m Fraud: U.S. court sentences Invictus Obi to 10 years in prison

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Obinwanne ‘Invictus Obi’ Okeke, CEO of Invictus group, has received a 10-year jail term for fraud.

Okeke was arrested by the Federal Bureau of Investigation (FBI) in US over $11 million internet fraud in 2019.

Chief district judge of US District Court for the Eastern District of Virginia, Rebecca Smith, delivered the judgement on Monday.

Smith said the Nigerian was jailed for his involvement in a computer-based intrusion fraud scheme that resulted in known losses of $11 million to his victims.

“Through subterfuge and impersonation, Obinwanne Okeke engaged in a multi-year global business email and computer hacking scheme that caused a staggering $11 million in losses to his victims,” Raj Parekh, acting US attorney for the Eastern District of Virginia, said.

“Today’s sentence further demonstrates EDVA’s and FBI’s worldwide reach in vigorously pursuing justice on behalf of American victims and others and holding international cybercriminals accountable, no matter where they commit their crimes.”

According to court documents, Okeke, 33, operated a group of companies known as the Invictus Group based in Nigeria and elsewhere.

As part of the scheme, Okeke and others engaged in an email compromise scheme targeting Unatrac Holding Limited, the export sales office for Caterpillar heavy industrial and farm equipment.

In April 2018, a Unatrac executive fell prey to a phishing email that allowed conspirators to capture login credentials. The conspirators sent fraudulent wire transfer requests and attached fake invoices.

Okeke participated in the effort to victimize Unatrac through fraudulent wire transfers totaling nearly $11 million, funds which were transferred overseas.

He was once listed by Forbes as one of the 100 Most Influential Young Africans.

 
 
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