The alleged international fraudster, Ramon Abbas, a.k.a Hushpuppi, has finally pleaded guilty to money laundering and other criminal charges leveled against him.
The United States District Court for the Central District Of California is currently prosecuting the Nigerian man on various charges of money laundering, wire fraud, felony, amongst others.
According to The Punch, Hushpuppi on Wednesday signed a document, agreeing to plead guilty to the charges against him.
Others who also signed the document include; Hushpuppi’s lawyer, Loius Shapiro; Acting United States Attorney, Tracy Wilkison, amongst others.
The document stated that Hushpuppi risks “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”.
The document partly read, “Defendant (Hushpuppi) admits that defendant is, in fact, guilty of the offence to which defendant is agreeing to plead guilty.
“Beginning no later than on or about January 18, 2019, through on or about June 9, 2020, defendant knowingly combined, agreed, and conspired with multiple other persons (“coconspirators”) to conduct financial transactions into, within, and outside the United States involving property that represented the proceeds of wire fraud.
“These coconspirators included the persons referred to in the Information as UICC 1 and UICC 2, as well as other coconspirators not referred to in the Information. The coconspirators targeted multiple victims and laundered and/or attempted to launder funds fraudulently obtained, and attempted to be fraudulently obtained, through bank cyber-heists,1 business email compromise frauds, and other fraud schemes.”
