The United States District Court Tuesday sentenced Ramon Olorunwa Abbas, a Nigerian scam artist, to 11 years imprisonment.
In addition, Abbas, better known as Hushpuppi, would pay $1,732,841 to two of his victims.
Trial judge, Otis D. Wright II handed down the sentencing after he found the defendant guilty of the fraud charges preferred against him.
The judge said, “By his own admission, during just an 18-month period defendant conspired to launder over $300 million,” prosecutors wrote in a sentencing memorandum. “While much of this intended loss did not ultimately materialize, [Abbas’] willingness and ability to participate in large-scale money laundering highlights the seriousness of his criminal conduct.”
The convict is said to have defrauded one of the victims –a businessperson based in Qatar of approximately $330,000. He had duped the victim into believing he was paying the money into an “investor’s account” to facilitate a loan.
He instructed the said victim to send $100,000 to a bank account controlled by a co-conspirator, and $230,000 to the bank account of a luxury watch seller.
Hushpuppi used those funds for his personal benefit, including purchasing a $230,000 Richard Mille RM11-03 watch, among other payments he refused.
Hushpuppi, a notorious international fraudster is believed to have conspired with others to launder tens of millions of dollars through a series of online scams. He lived an ostentatious lifestyle, flaunting his luxurious, crime-funded lifestyle on social media.