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A Nigerian man living in the United Kingdom has been sentenced to 10 years for his role in a phishing scam that snatched more than $20 million from over 400 would-be home buyers in the US, including some savers who lost their entire nest eggs.


Instead of celebrating a closing, some US home buyers lost everything.

A Nigerian man living in the United Kingdom has been sentenced to 10 years for his role in a phishing scam that snatched more than $20 million from over 400 would-be home buyers in the US, including some savers who lost their entire nest eggs. Late last week, the US Department of Justice confirmed that 33-year-old Babatunde Francis Ayeni pled guilty to conspiracy to commit wire fraud through "a sophisticated business email compromise scheme targeting real estate transactions" in the US. A special agent in charge of the mobile division of the FBI, Paul Brown, encouraged other fraud victims to come forward, vowing that "this type of behavior will not be tolerated in Alabama."

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