Hushpuppi Agrees To Plead Guilty To Conspiracy to Engage in Money Laundering; Could Face Up To 20 Years In Prison
Alleged Nigerian fraudster, Ramon Olorunwa Abbas, popularly known as Hushpuppi, may face up to 20 years in prison for a new decision he has taken.
According to American Journalist, Evan Ratliff, the self-proclaimed “Billionaire Gucci Master’ agreed to plead guilty to the charges levelled against him in a new document.
In a series of tweets, the journalist wrote;
“Ramon Abbas aka Ray Hushpuppi agreed today to plead guilty in federal court to conspiracy to engage in money laundering, of funds from business email compromise scams and other online heists. He’ll face up to 20 years in prison at sentencing.”
According to the plea document chanced on by Ghana’s Hub For Pop Culture & Urban Entertainment News – www.nydjlive.com, the “Defendant understands that the statutory maximum sentence that the Court can impose for a violation of Title 18, United States Code, Section 1956(h), as charged in the Information, is: 20 years’ imprisonment; a 3-year period of supervised release; a fine of $500,000 or twice the gross gain or gross loss resulting from the offense, whichever is greatest; and a mandatory special assessment of $100.”
In his plea agreement, Abbas admitted to laundering money from the Malta Bank heist and the BEC attacks on a Premier League club, another UK firm, and an American law firm, as well as additional schemes.
Abbas’s plea agreement, which involved crimes allegedly perpetrated by North Korean state-sponsored hackers, was heavily redacted, and many of the filings in the case remain sealed.
Added the Ramon Abbas/Hushpuppi plea agreement to @courtlistener / @RECAPtheLaw, for interested folks (and because there's been a lot of bad information around this case from the beginning): https://t.co/uHJlir4rD4
— Evan Ratliff (@ev_rat) July 28, 2021