close
Friday, June 30, 2023

U.S. prosecutors ask judge to jail Mr Woodberry for 14 years with $8 million restitution to victims

The prosecutors described Mr Woodberry’s offence as “serious” and alleged that the Instagram celebrity “attempted to cause greater harm to victims.”

• June 30, 2023
MR WOODBERRY
MR WOODBERRY

Federal prosecutors on Thursday asked a judge to sentence internet fraudster Olalekan Jacob Ponle, aka Mr Woodberry, to 14 years’ imprisonment for defrauding several U.S. companies of $8 million by engaging in numerous business email compromises (BEC) between January and September 2019.

The sentencing recommendation filed by Morris Pasqual, the acting U.S. attorney for the Northern District of Illinois, also requested that Mr Woodberry, an ally of the jailed international scammer, Huspuppi, pay restitution of $8,038,214.99 to victims.

“The government recommends that this court sentence the defendant to 168 months’ imprisonment, which is sufficient, but not greater than necessary, to comply with the purposes set forth in 18 U.S.C. § 3553(a),” the prosecutors said. “The government further recommends that the court order restitution and forfeiture as described above and impose a special assessment of $100.”

The prosecutors described Mr Woodberry’s offence as “serious” and alleged that the Instagram celebrity “attempted to cause greater harm to victims.”

Mr Woodberry, in April, pleaded guilty to the eight-count charge against him and agreed to forfeit the proceeds of the numerous wire frauds, which he committed using the name ‘Mark Kain’, by recruiting at least four money mules while he resided in Dubai, United Arab Emirates.

The prosecutors also recommended that Mr Woodberry, Known for flaunting his flamboyant lifestyle on social media, forfeit items in the Dubai police custody, such as one Rolls Royce, Lamborghini Urus, Mercedes-Benz G-Class AMG G55, four Rolex watches, one Patek Philippe watch, and three Audemars Piguet watches.

Also, he is to forfeit three gold and diamond-studded rings, five gold bracelets and two gold bracelet keys, six gold neck chains, one gold and diamond-studded necklace, one small gold nugget, two bank cards, about $1,835 in Emirati dirhams, and approximately $15.45 in South African rands.

“In addition, the government recommends that the defendant be ordered to forfeit approximately 151.85713138 bitcoin, which constitutes and is derived from proceeds traceable to the offence, that transferred to the government on April 14, 2022,” the prosecutors said.

Mr Woodberry was arrested on June 10, 2020, alongside Hushpuppi, who was jailed for 11 years in the U.S. for internet fraud.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

Court room used to illustrate the story

Lagos

6 staff docked for stealing company’s products valued at N64.5 million

Mr Akeem said that the defendants stole 116 pieces of Chi pendants and bio discs belonging to the company.

Mercedes Benz models

World

Mercedes recalls over 140,000 vehicles from U.S. over fuel pump issues

The vehicles include models of the C-, E- and S-Class as well as the SUV types GLC, GLE and GLS. G-Class SUVs are also listed.

Ustaz Abdul-Lateef Adekilekun

Faith

Killing for blasphemy un-Islamic; rife among ignorant northerners: Top cleric

The cleric pointed out that though blasphemy is not encouraged in Islam, there are laid down procedures to deal with a blasphemer other than killing.

Chinese Yuan and American Dollar

World

Chinese yuan slides against U.S. dollar

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 50 pips to 7.2258 against the dollar Friday.

MR WOODBERRY

Uncategorized

Mr Woodberry changed in prison; studied money management, how to find jobs online, lawyer tells court

“While incarcerated, he has used his time well,” said the lawyer. “He has earned several certificates of completion from the MCC, including world government.”

NationWide

Truckers knock Tinubu over petrol subsidy removal, palliatives

“President Bola Tinubu would have consulted us before the removal of the fuel subsidy. No palliatives will solve this issue of hike in fuel pump price.”