Wednesday, October 5, 2022

U.S. indicts Dubai-based Nigerian fraudster ‘Shadow Walker’ for wire fraud

A Nigerian Olusegun Akinlade, also known as ‘Shadow Walker’, has been indicted by the U.S. Department of Justice for credit card fraud and aggravated identity theft conspiracy.

• August 26, 2021

A Nigerian Olusegun Akinlade, also known as ‘Shadow Walker’, has been indicted by the U.S. Department of Justice for credit card fraud and aggravated identity theft conspiracy.

In court documents seen by Peoples Gazette, the U.S. attorney Craig Carpenito revealed that from “in or about October 2015” through “in or about January 2018,” in Essex County, in the District of New Jersey, “and elsewhere,” the Mr Akinlade “did knowingly and intentionally conspire and agree with others.” 

The conspiracy was to execute a scheme and “artifice” to defraud financial institutions.

Based on the bank fraud conspiracy charge, Mr Akinlade faces up to 30 years in prison and a fine of up to $1 million. For the aggravated identity theft charge carries, ‘Shadow Walker’ will cool off his feet in a U.S. prison for “a mandatory sentence of two years in prison.” The jail term will run “consecutive to any other term of imprisonment imposed by the court.”

Mr Akinlade, who resides in Dubai and is still on the run, and his conspirators allegedly purchased “the victim account holders’ personal identifying information” from hackers located outside of the United States. Later, they used the stolen information when contacting “victim banks” to carry out the account takeovers or open new accounts. 

In 2018, Henry Abdul, a conspirator alongside Mr Akinlade, had pleaded guilty to his role in the scheme, where he and others used credit card accounts of victims in a scheme called a “credit card takeover.” 

In a fraud as this, fraudsters call the bank and pose as the account owner to change the personal information associated with the account to information familiar to the unauthorised user. This includes the residence, email address, or telephone number associated with the account. 

Once this is done, the fraudsters then go on shopping sprees or transfer money to other accounts, or sell the account information to third parties.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Giacomo Raspadori

Hot news Home top

UCL: Napoli wallop Calvin Bassey’s Ajax 6-1 to maintain 100% record

The victory sent Napoli top of Group A with a 100 per cent record and 11 goals difference.

SP Benjamin Hundeyin

Hot news Home top

Police rescue four suspected shoplifters from jungle justice in Lagos

The suspects were captured on CCTV while shoplifting six bottles of Martell Blue swift cognac from a supermarket.

Governor Dave Umahi supervising the beating of civil servants

Heading 5

Gov. Umahi orders soldiers to brutalise Ebonyi workers over alleged lateness to work

His hand coordination suggested that Mr Umahi was directing the soldiers to hit specific parts of the public servants’ bodies.

Femi Gbajabiamila


ASUU strike to be called off soon, Gbajabiamila assures

The lawmaker said that President Muhammadu Buhari was eager to bring the over eight-month-old strike to an end.

Ayodeji Adebayo and Akinlayo Kolawole


Police detain journalist for exposing Ekiti APC candidate over alleged N3 billion fraud

The politician allegedly defrauded his victim on the pretext of helping him to acquire property around the Gwarinpa area of Abuja.

Percival Mabasa

Hot news Home top

Assailants gun down popular Philippine journalist known for criticising president

Percival Mabasa was inside his car, in front of his Las Pinas home, when he was killed by two assailants on a motorcycle.