• News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Menu
  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Home News

Nigerian Yahoo Boy Convicted In The US Over $60m Tax Fraud

Omotayo Daranjo by Omotayo Daranjo
November 2, 2022
in News
0
Nigerian Yahoo Boy Convicted In The US Over $60m Tax Fraud
0
SHARES
52
VIEWS
Share on FacebookShare on Twitter

Arasokun was in a location just outside of Paris, France at the time of the crimes, but the release did not indicate when they happened.

A Nigerian man, Ayodele Arasokun has been convicted of tax fraud in the United States.

READ ALSO

Senate Pays Tribute to Late Ex-Speaker Agunwa Anaekwe, Seeks National Honour in His Name

Senate Probes ₦1.3 Trillion Ponzi Scandal, Slams Regulators over Civics Crypto Fraud in Nigeria

A federal court in West Virginia convicted Arasokun for his role in an international conspiracy to defraud the US government of $60 million by filing false tax returns.

This was made known in a press statement from the US Attorney’s Office Northern District of West Virginia published on Friday.

According to the statement, Arasokun was found guilty of 21 counts of wire fraud and aggravated identity theft by a jury as he orchestrated a scheme to file 1,701 false returns and claim $9.1 million in refunds.

West Virginians were among those whose identities were stolen in the process, according to the release.

Arasokun was in a location just outside of Paris, France at the time of the crimes, but the release did not indicate when they happened.

A total of $2.2 million in fraudulent refunds were actually paid by the Internal Revenue Service (IRS), the release said. The scheme involved compromising the Electronic Filing Pin application.

Investigators determined Arasokun was tracking about 700 U.S.-based accounts containing more than $50 million, and during the trial, evidence revealed that he had the internal revenue service (IRS) transfer money to pre-paid debit cards or to checking accounts that he was monitoring.

“The jury’s verdict sends a clear message to criminals everywhere: don’t mess with the IRS,” said U.S. Attorney Ihlenfeld. “We have the best cybercrime investigators in the world and if you tamper with our tax system, we will find you, extradite you, and incarcerate you.”

Arasokun is currently being held in the Eastern Regional Jail in Martinsburg, where he will remain until his sentencing, according to the release.

The case was investigated by the Treasury Inspector General for Tax Administration (TIGTA) – Cybercrime Investigations Division, and the IRS-CI, Los Angeles field office.

Related Posts

News

Senate Pays Tribute to Late Ex-Speaker Agunwa Anaekwe, Seeks National Honour in His Name

July 11, 2025
Senate Probes ₦1.3 Trillion Ponzi Scandal, Slams Regulators over Civics Crypto Fraud in Nigeria
News

Senate Probes ₦1.3 Trillion Ponzi Scandal, Slams Regulators over Civics Crypto Fraud in Nigeria

July 9, 2025
TINUBU AT BRICS SUMMIT: CALLS FOR GLOBAL SYSTEMS REFORM, CLIMATE JUSTICE,  HEALTH EQUITY
News

TINUBU AT BRICS SUMMIT: CALLS FOR GLOBAL SYSTEMS REFORM, CLIMATE JUSTICE, HEALTH EQUITY

July 7, 2025
News

Nigeria Govt, Nestlé Forge Strategic Alliance to Enhance Water Quality Nationwide

July 4, 2025
Parents of Benue passengers allege soldiers aided kidnappers, fault Police rescue claim
News

Parents of Benue passengers allege soldiers aided kidnappers, fault Police rescue claim

July 4, 2025
Tinubu, Atiku are good friends, they may be visiting each other at night – Orji Uzor Kalu
News

Tinubu, Atiku are good friends, they may be visiting each other at night – Orji Uzor Kalu

July 3, 2025
Next Post
Marijuana smokers are more likely to develop potentially deadly heart condition – Study suggests

Marijuana smokers are more likely to develop potentially deadly heart condition - Study suggests

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

The Trumpet International Magazine is a real-time and comprehensive news magazine. It is an independent, national news provider for Africans, reporting daily developments and events in South Africa and other African Countries and their Citizens based in South Africa.

Categories

  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts
Menu
  • News
  • Article
  • Business
  • Health
  • Politics
  • Achievement/Profile
  • Sports
  • Features
  • Adverts

Recent Post

Senate Pays Tribute to Late Ex-Speaker Agunwa Anaekwe, Seeks National Honour in His Name

Senate Probes ₦1.3 Trillion Ponzi Scandal, Slams Regulators over Civics Crypto Fraud in Nigeria

TINUBU AT BRICS SUMMIT: CALLS FOR GLOBAL SYSTEMS REFORM, CLIMATE JUSTICE, HEALTH EQUITY

Nigeria Govt, Nestlé Forge Strategic Alliance to Enhance Water Quality Nationwide

Parents of Benue passengers allege soldiers aided kidnappers, fault Police rescue claim

News
Fatima OLUWAKEMI-SAKA
Senate Pays Tribute to Late Ex-Speaker Agunwa Anaekwe, Seeks National Honour in His Name

…mourns Nigeria’s youngest-ever House Speaker, applauds legacy of

Read More »

Trumpet Magazine | © 2021.

Facebook Twitter Youtube Linkedin Instagram

Add New Playlist