CyberCrime & Doing Time

Hushpuppi Pleads Guilty: Sentence Estimate? 11-14 Years

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On July 27, 2021, Ramon Olorunwa Abbas, also known as Hushpuppi, decided that his best plan would be to avoid spending the rest of his life in prison was to plead guilty.  I’ve actually never seen a plea agreement with so much redacting, but we can still see SOME of what he is pleading to in the 29 page plea agreement that was posted today on PACER, the Public Access to Court Electronic Records.

“Beginning no later than or about January 18, 2019 through on or about June 9, 2020, defendant knowingly combined, agreed, and conspired with multiple other persons (“coconspirators”) to conduct financial transactions into, within, and outside the United States involving property that represented the proceeds of wire fraud.   … The coconspirators targeted multiple victims and laundered and/or attempted to launder funds fraudulently obtained, and attempted to be fraudulently obtained, through bank cyber-heists, business email compromise (“BEC”) frauds, and other fraud schemes.”
In particular, he admits that he helped launder the money:
  •  stolen from a bank in Malta (which we know is the Bank of Valetta from public news sources which was hacked by North Korean hackers) and 
  • the BEC funds stolen from a law firm in New York State, 
  • and the funds stolen from two companies located in the UK. (one of which was likely an English Premier League Club, from prev

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