A Nigerian man living in the United Kingdom has been sentenced to 10 years for his role in a phishing scam that snatched more than $20 million from over 400 would-be home buyers in the US, including some savers who lost their entire nest eggs.
Late last week, the US Department of Justice confirmed that 33-year-old Babatunde Francis Ayeni pled guilty to conspiracy to commit wire fraud through “a sophisticated business email compromise scheme targeting real estate transactions” in the US.
To seize large down payments on homes, Ayeni and co-conspirators sent phishing emails to US title companies, real estate agents, and real estate attorneys. When unsuspecting employees clicked malicious attachments and links, a prompt appeared asking for login information that was then shared with the hackers.
