The United States government released full details and identities of the 80 suspected fraudsters, arrested in the US with many being Nigerians.
According to a statement released by the US authorities, the suspects either played major roles in the alleged fraud or acted as accomplices.
The country named Valentine Iro, 31, and Chukwudi Christogunus Igbokwe, 38, as lead suspects adding that once a victim deposited funds into a bank account or a money services account. The two allegedly coordinated with others to further launder the funds.
Investigations revealed that members of the conspiracy sometimes wired funds to other bank accounts under their control or withdrew same as cash or negotiable instruments such as cashier’s checks.
The US said the suspects often used illicit money exchangers to move funds overseas, generally avoiding transferring the funds directly through banking institutions.
To do this, Iro and Igbokwe coordinated the transfer of a victim’s funds from a fraudulent bank account they controlled to US bank accounts belonging to illicit money exchangers.