In exchange, the authorities agreed not to prosecute the company as long as a $1.724,802.75 million fine was paid and global anti-money laundering controls were implemented.
The jury’s eight-count charge of wire fraud still holds, meaning Mr Ponle stands to forfeit, to the U.S. government, any property derived from proceeds in his offences.
A new U.S. prosecutor has been assigned to take over the multimillion-dollar fraud case involving Olalekan Ponle, aka ‘Woodberry’.
The 37-year-old Ramon Abbas, an Instagram sensation, was arrested in Dubai following a police operation ‘Fox Hunt 2.’
