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US Federal prosecutors have said that an Atlanta Georgia-based Nigerian, Olufolajimi Abegunde has been sentenced to more than six years in prison for his role in an internet fraud scheme that stole an estimated $15m through computer and wire fraud.
        After his arrest last year, Abegunde lied to Nigerian officials that his arrest was based on mistaken identity and asked for help to get him out of the FBI jaws. But court documents showed otherwise. Prosecutors said the Atlanta resident and several other people created fake business emails and profiles on dating websites to trick victims into sending money to bogus bank accounts. Funds were laundered and wired to destinations in Nigeria, Ghana and some other West African countries. The scams caused about $15 million in losses for victims. Abegunde’s role was that he helped launder money through a compromised business email of a land title company located in Bellingham, Washington, and a real estate company in Memphis, Tennessee. The fight against cyber fraud has taken a much aggressive approach has some bigwigs have being arrested in recent times due to cyber fraud related activities. Individuals like Invictus Obi who was listed on Forbes magazine was arrested for 11 Million US dollars wife fraud  and of recent a Nigerian based in Dubai popularly known as Mompha was also arrested for his involvement in the transfer of illegal funds to the tune of 5 Million US dollars.