‘Billionaire Gucci Master’ is sentenced for 11 years in prison by a US court for fraud

Share via:

The Nigerian Instagram influencer known as @hushpuppi and the Billionaire Gucci Master was sentenced to 11 years in prison in the United States for his role in a global theft and money-laundering scheme.

According to the US government, Ramon Abbas, 40, was sentenced Monday in Los Angeles to 135 months in prison after pleading guilty in April 2021 to conspiracy to engage in money laundering, which included assisting North Korean hackers in their attempts to steal more than $1.3 billion through cyber-enabled bank heists. Abbas waived most of his rights to appeal the sentence by agreeing to plead guilty, though he can still do so in limited circumstances.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

‘Billionaire Gucci Master’ is sentenced for 11 years in prison by a US court for fraud

The Nigerian Instagram influencer known as @hushpuppi and the Billionaire Gucci Master was sentenced to 11 years in prison in the United States for his role in a global theft and money-laundering scheme.

According to the US government, Ramon Abbas, 40, was sentenced Monday in Los Angeles to 135 months in prison after pleading guilty in April 2021 to conspiracy to engage in money laundering, which included assisting North Korean hackers in their attempts to steal more than $1.3 billion through cyber-enabled bank heists. Abbas waived most of his rights to appeal the sentence by agreeing to plead guilty, though he can still do so in limited circumstances.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

https://pnndigital.com/business-news/samsung-to-consolidate-leadership-in-mid-premium-segment-with-launch-of-galaxy-a55-5g-galaxy-a35-in-india/

https://pnndigital.com/business-news/samsung-to-consolidate-leadership-in-mid-premium-segment-with-launch-of-galaxy-a55-5g-galaxy-a35-in-india/ Source link

Black founders are creating tailored ChatGPTs for a more...

At first, John Pasmore was excited about ChatGPT.  Source...

Evaluating Opportunities Within A Subscription Economy

SUMMARY Companies in a subscription economy rely on recurring...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!