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Nigerian man Sentenced to 26+ years in real estate phishing scams

  • Nigerian national, Kolade Ojelade, has been sentenced to 26 years in prison in the US for phishing scams.
  • Ojelade compromised the email accounts of real estate businesses to steal millions of dollars.
  • He conducted Business Email Compromise (BEC) attacks by changing wire payment instructions.
  • The actual losses from the scheme were estimated at $12 million, with intended losses exceeding $100 million.

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