A cyber fraudster who admitted having “never worked a day in his life” has been jailed for five years for laundering tens of thousands of pounds of stolen money.
Dan Aiyegbusi, 23, from Leicester posted videos online flashing the cash he had laundered by colluding with organised hackers in the UK and internationally.
He was sentenced at Southwark Crown Court yesterday, where he had previously pleaded guilty to five counts of money laundering totalling £41,150 as well as possession with intent to supply crack cocaine and cannabis.
He was found not guilty at an earlier hearing of three other counts of money laundering reaching a total of more than £2 million.
Dan Aiyegbusi has been jailed for five years
The Met Police said the investigation identified nine victims but the force said the actual number of those targeted could be in the hundreds.
On victim, an 80-year-old, said the experience caused her and her husband “a lot of stress and worry” and that she had been left “too scared to answer the phone”.
The court heard how Aiyegbusi would use a Facebook account under the pseudonym “Miyuwa Oluwafemi” to show compromised online bank accounts being emptied of funds, plus videos of cash, expensive watches and cars.
Police said that prior to his money laundering arrest, the defendant was found in possession of 49 rocks of crack cocaine by Essex Police.
Investigation into his cybercrime offences showed his involvement of county lines supply of Class A drugs.
Detective Inspector Phil McInerney said: “Aiyegbusi didn’t have a care in the world as he stole people’s hard-earned cash and then flaunted it all over social media to boost his ego and brag about it.”
“I would like to thank our partners in the banking sector and the Cyber Defence Alliance for their support and assistance during this investigation.”
talkRADIO: Listen live