PanamaTimes

Tuesday, Apr 23, 2024

A man who flaunted private jets and luxury cars on Instagram gets 11 years in prison for money laundering

A man who flaunted private jets and luxury cars on Instagram gets 11 years in prison for money laundering

A Nigerian social media influencer who flaunted a lavish lifestyle of private jets and luxury cars has been sentenced to 11 years in prison over charges related to a multimillion dollar scam that targeted companies in the United States and overseas.

Ramon Abbas, known to his millions of Instagram followers as Ray Hushpuppi, pleaded guilty in April last year to conspiracy to engage in money laundering. In addition to the prison sentence handed down on Monday, United States District Judge Otis D. Wright II ordered him to pay $1.7 million in restitution to two fraud victims.

It is a spectacular downfall for Abbas, 40, whose June 2020 arrest at his gilded perch in Dubai made headlines worldwide. Before his sentencing, Abbas was held in federal detention in Los Angeles, his once flamboyant social media account gone quiet — despite gaining 500,000 new followers since his arrest.

In a handwritten letter to the judge in September – the only direct word from him since his arrest – Abbas detailed his two years in detention.


The three page-long letter addressed the charges against Abbas, and his remorse therefor

“Since I have been incarcerated, I have had enough time to reflect on the past and I regret letting greed ruin the good name of my family, my blessing and my name,” he wrote.

On social media, where Abbas had posted videos of himself tossing wads of cash like confetti, he referred to himself as a real estate developer. But federal investigators said he financed his extravagant lifestyle through online hacking schemes that netted more than $24 million.

His targets included a US law firm, a foreign bank and an unnamed British professional soccer club, among others, according to a federal sentencing memorandum from the US Attorney’s Office in the Central District of California.

“Money laundering and business email compromise scams are a massive international crime problem, and we will continue to work with our law enforcement and international partners to identify and prosecute those involved, wherever they may be,” said Martin Estrada, a United States attorney.


His letter to the judge detailed some scams


Abbas’ September letter to Judge Wright detailed how his co-conspirators reached out to him to pinpoint businesses to scam or request banking information to transfer fraudulently obtained funds.

His alleged cyber crimes involved jaw-dropping amounts of money.

Federal documents detailed how Abbas and a co-conspirator “fraudulently induced” a New York law firm to wire nearly $923,000 meant for a client’s real estate refinancing to a bank account they controlled. A paralegal at the firm received fraudulent wire instructions after sending an email to what appeared to be a legitimate bank email address but was later identified as a “spoofed” address.

In such a business email compromise scam, criminals mimic an email message or website to make their communication appear like it’s from a known source making a request such as a money transfer.

Ramon Abbas told his millions of Instagram followers that he worked in real estate.


Abbas also confessed to a conspiracy to defraud a Qatari businessman of more than $1 million.

“The defendants allegedly faked the financing of a Qatari school by playing the roles of bank officials and creating a bogus website in a scheme that also bribed a foreign official to keep the elaborate pretense going after the victim was tipped off,” acting United States Attorney Tracy L. Wilkison said in a statement last year.

Since his arrest, Abbas said, he’s had time to reflect on his mistakes.

“Your honor, I make no excuse for my actions and I take full responsibility for what I’ve done,” he wrote in his letter. “If I could turn back the hand of time, I would make an entirely different decision and be more careful in the choices and friends I make.”

One of his co-conspirators pleaded guilty in November 2020 to one count of conspiracy to engage in money laundering. He is also serving 11 years in federal prison and has to pay more than $30 million in restitution.


His social media account was a treasure trove of information for investigators


Federal investigators have described Abbas as a prolific money launderer who leveraged his social media platform to gain notoriety and brag about his wealth.

A Nigerian national based in Dubai, Abbas made no secret of his opulent lifestyle. Before his arrest, he called himself the “Billionaire Gucci Master” on Snapchat.

“Started out my day having sushi down at Nobu in Monte Carlo, Monaco, then decided to book a helicopter to have … facials at the Christian Dior spa in Paris then ended my day having champagne in Gucci,” he wrote in a photo caption on Instagram in 2020.

Abbas flaunted his wealth conspicuously on Instagram.


Photos of him posing with multiple models of Bentley, Ferrari, Mercedes Benz and Rolls-Royce cars included the hashtag #AllMine. Others showed him rubbing elbows with international sports stars and other celebrities.

In a 2020 affidavit, federal officials detailed how his social media accounts provided details needed to confirm his identity.

The registration and account security information associated with his Instagram profile, for example, included an email address and phone number. Federal officials accessed that information and were able to link the email and phone number to financial transactions and transfers with people the FBI believed were his co-conspirators.

Even Abbas’ Instagram birthday party photos helped the investigation.

One such post displayed a birthday cake topped with a Fendi logo and a miniature image of Abbas surrounded by tiny shopping bags. Investigators used that post to verify the date of birth he had used on a previous US visa application.

In June 2020, United Arab Emirates investigators swooped into Abbas’ apartment at the exclusive Palazzo Versace resort in Dubai, arrested him and handed him over to FBI agents.

Investigators at the scene seized nearly $41 million, 13 luxury cars worth $6.8 million and phone and computer evidence including the email addresses of nearly 2 million possible victims, Dubai Police said in a statement.

“Thank you, Lord, for the many blessings in my life. Continue to shame those waiting for me to be shamed,” Abbas captioned an Instagram picture of a Rolls-Royce just two weeks before his dramatic arrest.

The account has since been taken down.

Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Apple warns against drying iPhones with rice
In a recent High Court hearing, the U.S. argued that Julian Assange endangered lives by releasing classified information.
Global Law Enforcement Dismantles Lockbit Ransomware Operation
Russian opposition leader Alexey Navalny has died at the Arctic prison colony
The President of Argentina Javier Mile does not fly private, he flies commercial, with the citizens he represents. And they LOVE him for it.
Bitcoin Reaches $50,000 for First Time in Over Two Years
Belo Horizonte: Brazil's Rising Carnival Hotspot for 2024
In El Salvador, the 'Trump of Latin America' stuns the world with a speech slamming woke policing after winning a landslide election
Tucker’s interview with Putin is over 50M views on X within the first 5 hours.
Finnish Airline, Finnair, is voluntarily weighing passengers to better estimate flight cargo weight
President Nayib Bukele has proudly announced El Salvador's remarkable achievement of becoming the safest nation in the Western Hemisphere.
Former Chilean President Sebastian Piñera Dies in Helicopter Crash
This farmer seems to understand science a bit more than the event organizer, Klaus Schwab.
Facebook turns 20: From Mark Zuckerberg's dormitory to a $1trn company
The Coolest Dictator in the World" on the Path to Victory in El Salvador
Macron, France and fake news
Indian-Origin Man 'King' Arrested For Smuggling $16 Million Drugs Into US
Can someone teach Americans that not every person with slanted eyes is Chinese?
Europe's Farmers Feeding the People, Protesting Against Politicians Who Do Nothing for Their Country and Serve Only Themselves at Taxpayers' Expense
Paris Restaurant That Inspired 'Ratatouille' Loses $1.6 Million Worth Of Wine
Brazilian Police Investigate Bolsonaro's Son for Alleged Illegal Spying
Police in Brazil Raid Residence of Bolsonaro Associate Over Allegations of Illegal Spying
Border Dispute Escalates as Texas Governor Vows Increased Razor Wire
OpenAI Enhances ChatGPT-4 Model, Potentially Addressing AI "Laziness" Issue
The NSA finally acknowledges spying on Americans by acquiring sensitive data
Report Reveals Toxic Telegram Group Generating X-Rated AI-Generated Fake Images of Taylor Swift
US Border Patrol States 'No Plans' to Remove Razor Wire Installed in Texas
Bitcoin Experiences Approximately 20% Decline in Value
Klaus Schwab recently appointed himself as the Earth's "trustee of the future."
DeSantis Drops Out, Endorses Trump.
Nikki Haley said former President Trump is "just not at the same level" of mental fitness as he was while president in 2016.
Residents of a southern Mexican town set the government palace on fire in response to the police killing of a young man
Samsung Launches AI-Driven Galaxy S24, Ushering in New Smartphone Era
Judge Questions SEC's Regulatory Overreach in Coinbase Lawsuit
The Ecuador prosecutor who was investigating the television studio attack, has been assassinated.
Is artificial intelligence the solution to cyber security threats?
Vivek Ramaswamy suspends his US election campaign and endorses Trump.
Viral Satire: A Staged Satirical Clip Mistaken as Real Footage from the 2024 World Economic Forum in Davos
The AI Revolution in the Workforce: CEOs at Davos Predict Major Job Cuts in 2024
Ecuador Reports 178 Hostages in Prison Gang Standoff
The Startling Cuban Espionage Case That Has Rattled the US Government
Two Armed Men in Ecuador, Dressed as Batman and The Joker Storm the Streets.
Armed Gang Raids Ecuadorian TV Station Following State of Emergency Declaration
Anti-Democratic Canada: Journalist Arrested for Questioning Canadian Finance Minister on Support of Terrorist Group
Ecuador's 'Most-Wanted' Criminal Vanishes from Prison
Mexican Cartel Supplied Wi-Fi to Locals Under Threat of Fatal Consequences for Non-Compliance
Border Surge Leads to Over 11,000 Migrants Waiting in Northern Mexico
Outsider Candidates Triumph in Latin American Elections
As Argentina Goes to the Polls, Will the Proposal to Replace the Peso with the Dollar Secure Votes?
Fatal Shark Attack Claims Life of Boston Woman Paddleboarding Near Bahamas Resort, According to Police
×