Suspected Internet fraudster, Olalekan Jacob Ponle, better known as Mr Woodberry, has pleaded guilty to wire fraud.
Woodberry agreed to surrender $8 million in proceeds of wire fraud and he also, agreed to forfeit his luxury cars and watches to the foreign government.
Mr Woodberry, a close associate of the now-imprisoned internet fraudster, Ramon Abbas, popularly known as Hushpuppi, was charged with wire fraud conspiracy following his arrest in the United Arab Emirates in June 2020 and subsequent extradition to the US, the Peoples Gazette reports.
According to his plea agreement, he is required to pay back the sum of $8 million he fraudulently received from the seven companies that fell for his scam.
“Defendant understands that by pleading guilty, he will subject to forfeiture to the United States 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 offence,” stated the document containing Mr Ponle’s signed plea declaration.
“Other items seized are four Rolex watches, one Patek Philippe watch, three Audemars Piguet watches, three gold and diamond-studded earrings, and six gold neck chains.
Last year, he forfeited 151.8 Bitcoin to the American government.”
