Nigeria: Woodberry, an associate of Hushpuppi, admits guilt and gives up $8 million in assets
Mr. Woodberry, Olalekan Jacob Ponle, has admitted to wire fraud.
Additionally, he agreed to forfeit luxury automobiles and watches to the foreign government, as well as $8 million in wire fraud proceeds.
According to the Peoples Gazette, Woodberry, a well-known associate of the now-prisoned internet fraudster Ramon Abbas, better known as Hushpuppi, pleaded guilty to count one of the indictments in a plea declaration submitted on April 6 to the United States District Court of the Northern District of Illinois Eastern Division.
As per his supplication understanding, he is expected to repay the amount of $8 million he falsely got from the seven organizations that he misled.
The document that contained Mr. Ponle’s signed plea declaration read, “Defendant understands that by pleading guilty, he will subject to forfeiture to the United States of America all right, title, and interest that he has in any property constituting or derived from proceeds obtained, directly or indirectly, as a result of the offense.”
Additionally, Woodberry was asked to give up his rights to the designer watches and high-end automobiles he had hidden in Dubai.
Lamborghini Urus (N4973), Rolls-Royce Cullinan (J9153), and Mercedes-Benz G-class (G68816) are among the high-end automobiles.
In addition, six gold neck chains, three gold and diamond-studded earrings, four Rolex watches, one Patek Philippe watch, and three Audemars Piguet watches were seized.
He gave the American government 151.8 Bitcoin last year.
Along with Ramon Hushpuppi Abbas, who is currently serving an 11-year sentence for a similar fraud charge, Woodberry was arrested in Dubai on June 10, 2020.