Woodberry, the associate of Ray Hushpuppi, has been indicted by the grand jury, a group of lawyers empowered to conduct legal proceedings and investigate potential criminal conduct.
It would be recalled that Woodberry and Hushpuppi were both arrested in Dubai and extradited to the U.S. to face criminal charges.
Woodberry whose real name is Olalekan Jacob Ponle used the alias, Mark Kain to perpetuate his alleged business email compromise scams. However, after siphoning monies from accounts of his victims, Mark Kain, used several mules to transfer the money which was then converted into Bitcoin and sent to him.
In the criminal complaint against him which was filed the U.S. Department of Justice, Woodberry aka Mark Kain allegedly defrauded his victims to the tune of $15.2 million.
In the report, the jury summed up the allegations against Mr Ponle to an eight-count charge of wire fraud, which violates section 1343 of the United States Codes.
“Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretences, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both.”
The report concluded that upon conviction, Mr Ponle shall forfeit to the United States of America any property which institutes and is derived from proceeds traceable to the offense provided in Title 18. United States Code, Section 981 (IXC) and Title 28, United States Code, Section 24611).
“If any of the property described above, as a result of any act or omission by a defendant: cannot be located upon the exercise of due diligence; has been transferred or sold to, or deposited with, a third party; has been placed beyond the jurisdiction of the Court; has been substantially diminished in value; or has been commingled with other property which cannot be divided without difficulty, the United States of America shall be entitled to forfeiture of substitute property, as provided in Title 21, United States Code, Section 853 (p), ” the report further read.