Nigerian born Naturalized British Musician; IDRIS DAYO MUSTAPHA pleads guilty to $6million fraud in United States
…Fugitive charges include computer intrusion, securities fraud, wire fraud and access device fraud
*Main suspect and group hacked into computer servers of financial institutions in the US to access confidential user data, such as users’ personal identifying information, used stolen information and passwords to wire funds and transfer securities from the accounts of their victims to accounts under their control
*Convert hacked accounts to conducting stock trades without the knowledge of the account holder, facing a jail term of up to 20 years
*BY GEORGE ELIJAH OTUMU/AMERICA Senior Investigative Editor
THENIGERIAN BORN BRITISH NOTORIOUS LEADER OF HACKING, IDRIS DAYO MUSTAPHA is currently facing trial in the United States, U.S., over the ignoble roles he led in stealing a hefty sum of Six Million dollars ($6million) from various institutions and companies in America.
Mustapha has confessed in a US court to defrauding and stealing more than $6m (£4.7m) over seven years.
This 33-year-old man was part of a hacking ring that infiltrated email and brokerage accounts of US firms between 2011 and 2018, causing losses worth $6m (£4.7m), officials said.
Mustapha was extradited from the United Kingdom, UK in August, two years after his arrest. His crimes carry a jail term of up to 20 years, though not yet sentenced.
This notorious ringleader pleaded guilty at a court in Brooklyn, New York, on Tuesday to four charges: computer intrusion, securities fraud, wire fraud and access device fraud.
The authorities say Mustapha and his ring hacked into the computer servers of financial institutions in the US to access confidential user data, such as users’ personal identifying information.
They in-turn used the stolen information and passwords to wire funds and transfer securities from the accounts of their victims to accounts under their control.
They also used the hacked accounts to conduct stock trades without the knowledge of the account holder.
For the record, US authorities had been pursuing Mustapha for several years.
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