" He Flaunted Private Jets And Luxury Cars On Instagram. Feds Allege He Left A Trail Of Cyber Crime - Flavourway

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Saturday, September 26, 2020

He Flaunted Private Jets And Luxury Cars On Instagram. Feds Allege He Left A Trail Of Cyber Crime

 

Ray Hushpuppi is accused of cyber crimes in two continents - CNN

On social media, where he posted a video of himself tossing wads of cash like confetti, he told his followers he was a real estate developer. But a federal affidavit alleged his extravagant lifestyle was financed through hacking schemes that stole millions of dollars from major companies in the United States and Europe.

His flamboyant posts left a digital trail of evidence that investigators used to link him to the crimes, the affidavit shows.

 

Last month, United Arab Emirates investigators swooped into his Dubai apartment, arrested him and handed him over to FBI agents, who flew him to Chicago on July 2, federal officials said.

 

In the coming weeks, he’ll be transferred to Los Angeles — where the affidavit was filed — to face accusations of conspiring to launder hundreds of millions of dollars through cyber crime schemes.

 

$41 million and 13 luxury cars seized

The Nigerian national lived at the exclusive Palazzo Versace in Dubai, and led a global network that used computer intrusions, business email compromise schemes and money laundering to steal hundreds of millions of dollars from companies, federal prosecutors allege.

 

He worked with multiple co-conspirators and was arrested along with 11 others. Investigators seized nearly $41 million, 13 luxury cars worth $6.8 million, and phone and computer evidence, Dubai Police said in a statement. They uncovered email addresses of nearly 2 million possible victims on phones, computers and hard drives, Dubai authorities said.

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