London SINGER at Night, SWINDLER by DAY: Nigerian flashy Afrobeat act, a Naturalized British citizen, IDRIS DAYO MUSTAPHA alias ‘Drizzle Lomo’ charged with STEALING $5Million from United States Traders … breaks into unsuspecting Americans’ brokerage accounts, buy stocks to manipulate prices, profiting off on swings, facing extradition to New York *“Idris Mustapha, a.k.a ‘Drizzle Lomo’, a Nigerian British who presents himself publicly as living a lavish lifestyle, driving expensive cars and sporting flashy jewelry, by being a club singer at night is accused of stock swindling by day and stealing from vulnerable Americans in the sum of $5Million”-Prosecutor *“The defendant was part of a nefarious group that caused millions of dollars in losses to victims by engaging in a litany of cybercrimes, including widespread hacking, fraud, taking control of victims’ securities brokerage accounts, and trading in the name of the victims”-Breon Peace, U.S. Attorney for the Eastern district of New York *BY GEORGE ELIJAH OTUMU/AMERICAN Senior Investigative Editor

London SINGER at Night, SWINDLER by DAY: 

Nigerian flashy Afrobeat act, a Naturalized British citizen, IDRIS DAYO MUSTAPHA alias ‘Drizzle Lomo’ charged with STEALING $5Million from United States Traders

… breaks into unsuspecting Americans’ brokerage accounts, buy stocks to manipulate prices, profiting off on swings, facing extradition to New York

*“Idris Mustapha, a.k.a ‘Drizzle Lomo’, a Nigerian British who presents himself publicly as living a lavish lifestyle, driving expensive cars and sporting flashy jewelry, by being a club singer at night is accused of stock swindling by day and stealing from vulnerable Americans in the sum of $5Million”-Prosecutor

*“The defendant was part of a nefarious group that caused millions of dollars in losses to victims by engaging in a litany of cybercrimes, including widespread hacking, fraud, taking control of victims’ securities brokerage accounts, and trading in the name of the victims”-Breon Peace, U.S. Attorney for the Eastern district of New York

*BY GEORGE ELIJAH OTUMU/AMERICAN Senior Investigative Editor

HE’S known to be living a flashy lifestyle in the entire United Kingdom metropolis. His name is IDRIS MUSTAPHA, notoriously called ‘Drizzle Lomo’ in the entertainment circle being an Afrobeat Nigerian born Naturalized British citizen. He has been arrested, charged by the United States for stealing the sum of $5Million from American traders. He is accused of breaking into unsuspecting Americans’ brokerage accounts, buying stocks to manipulate prices and trading on the swings. 

“Drizzle Lomo, presents himself publicly as living a lavish lifestyle, driving expensive cars and sporting flashy jewelry”, prosecutors say. 

He was a club singer by night and an accused stock swindler by day. This London Afrobeat singer has been charged in the United States with allegedly breaking into unwitting victims’ brokerage accounts and using their money to buy stocks in order to manipulate prices so he and his accomplices could profit off the price swings. 

Mustapha is accused of running a wide variety of swindles dating back to 2011 when he was as young as 15, including romance scams, phishing schemes and complex stock frauds.

“The defendant was part of a nefarious group that caused millions of dollars in losses to victims by engaging in a litany of cybercrimes, including widespread hacking, fraud, taking control of victims’ securities brokerage accounts, and trading in the name of the victims,” said Breon Peace, the U.S. attorney for the eastern district of New York.

Mustapha was arrested in London in August 2021, and is facing extradition to New York to face charges that were unsealed on Tuesday in federal court in Brooklyn. He had previously been hit with civil charges brought by the Securities and Exchange Commission in 2016.

Mustapha’s lawyer didn’t immediately return a call seeking comment. 

Prosecutors said Mustapha presented himself publicly as living a lavish lifestyle, driving expensive cars and sporting flashy jewelry in videos for his music persona, Drizzle Lomo.

He was part of a Afrobeat group known as BTWBC, or the Built to Win Baller’s Club. Afrobeat is a musical genre that combines elements of West African music with jazz, soul and funk. It is most popularly associated with the late Nigerian performer Fela Kuti.

According to an article in the Guardian newspaper in Nigeria about Mustapha’s musical career, he studied at the University of Bradford in Yorkshire where he got a degree in information communication technology. 

Mustapha is accused of using phishing scams to break into people’s email to then determine the passwords to their brokerage accounts. Once he and his accomplices would gain access to their victim’s account, they would begin making heavy trades in low-priced, lightly traded stocks-often for foreign medical device or drug companies-in order to drive up share prices.

He and his co-conspirators would separately control what prosecutors called “aggressor accounts” through which they would buy, sell or short shares of the same company whose stocks they were manipulating, in order to make large profits.

By the time the victims would figure out what was happening, they and their banks would be stuck with losses that sometimes were as high as several hundred thousand dollars.

Sometimes, prosecutors say Mustapha would simply wire his victims’ money to accounts he controlled, draining their accounts.

In all, prosecutors say Mustapha and his cohorts stole as much as $5 million through this and similar frauds.

He has been charged with money laundering, wire fraud, securities fraud and aggravated identity theft.

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