Nigerian pleads guilty to defrauding 150 Americans in $2.5m sextortion scam

Date:

Make your preference count — choose Punch.

Add Punch on Google

Nigerian pleads guilty to defrauding 150 Americans in $2.5m sextortion scam

A 35-year-old Nigerian, Olamide Shanu, has pleaded guilty in the United States to conspiracy to commit money laundering after participating in sextortion and romance fraud schemes that defrauded about 150 Americans.

Shanu pleaded guilty on Monday in the District of Idaho, according to a statement issued by the US Department of Justice on Tuesday.

The Justice Department said Shanu and his co-conspirators made more than $2.5m from the schemes, which involved victims across the United States.

In the sextortion scheme, the conspirators typically targeted male victims and persuaded them to send sexual images of themselves.

They would then threaten to send the images to the victims’ friends and family unless money was paid.

See more Punch stories on Google.

Add Punch on Google

The conspirators also targeted older women and men through romance scams, using fake identities on social media to establish deceptive emotional relationships with their victims.

According to court documents, the conspirators would gain the victims’ trust, convince them that they had a romantic future together and then ask them for money, citing various supposedly urgent financial needs.

The proceeds from the schemes were laundered through peer-to-peer payment applications and several cryptocurrency wallet addresses before being transferred to co-conspirators in Nigeria, the department said.

“This case exposes a sophisticated international scheme that exploited Americans through sextortion and romance fraud, laundering millions in criminal proceeds,” Assistant Attorney General A. Tysen Duva of the Justice Department’s Criminal Division said.

Duva said the department’s Cyber-Enabled Scam Initiative was established to tackle such schemes and bring those responsible to justice.

The US Attorney for the District of Idaho, Bart M. Davis, said the guilty plea demonstrated efforts to prosecute cybercriminals regardless of where they operated.

“This guilty plea, involving more than $2.5 million in laundered proceeds, reflects the dedicated efforts of our prosecutors and law enforcement partners to disrupt international criminal networks, protect victims, and ensure that cyber-enabled crime does not go unanswered,” Davis said.

The case involved the US Secret Service and Boise Police Department, which are investigating the schemes.

Shanu is scheduled to be sentenced on December 15 and faces a maximum penalty of 20 years in prison.

A federal district court judge will determine his sentence after considering the US Sentencing Guidelines and other statutory factors.

Okiki Adeduyite

Okiki is a journalist with over seven years experience covering politics, foreign news, society, entertainment and the film industry.

See more Punch stories on Google.

Add Punch on Google

Stay informed and ahead of the curve! Follow The Punch Newspaper on WhatsApp for real-time updates, breaking news, and exclusive content. Don’t miss a headline – join now!

Join The Punch Newspapers Channel

Stay in the know—fast. Get instant alerts, breaking headlines, and exclusive stories with the Punch News App. Download now and never miss a beat.

Get the Punch News App

Source: Punch Newspapers – Latest News

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Nigeria at 66: Minister seeks support for vulnerable Nigerians

As Nigeria marks its 66th Independence Anniversary, the Minister of Humanitarian Affairs, Bernard Doro, has called for solidarity for vulnerable citizens.

Nollywood actor CJay Nwoks dies in Lagos hospital [VIDEO]

Nollywood actor, Chijioke Nwokafor, popularly known as CJay Nwoks is dead. CJay died on Wednesday, September 30, 2026, at an undisclosed hospital in the

NFF Appeals CAF Decision To Annul Edo Queens’ WAFU-B Final Victory

Home Nigerian Football Nigerian Stars Abroad Nigerian National Teams Nigerian Leagues NPFL NNL NWFL World Football EPL News Bundesliga News La Liga News Ligue 1 News Serie A News UCL News Transfers Competitions World Cup AFCON CHAN CAF Champions League Live Live Scores Live Commentaries…

Nigeria’s 3-0 Defeat to Guinea-Bissau: Seven key takeaways as Super Eagles lose ground in AFCON Qualifiers

The Super Eagles produced a largely disappointing performance and were punished by a Guinea-Bissau side that showed greater urgency, composure and efficiency in front of goal The post Nigeria’s 3-0 Defeat to Guinea-Bissau: Seven key takeaways as Super Eagles lose ground in AFCON Qualifiers appeared…