Ramon Abbas Sentenced to 11 Years for Cash Laundering

Crime, money laundering,

Ramon Abbas (Getty, Division of Justice)

Ramon Abbas isn’t an actual property developer, however he performed one on Instagram.

He flaunted a lavish life-style with non-public jets, luxurious vehicles, gourmand meals and opulent worldwide journeys. However the Nigerian man popularly often known as Ray Hushpuppi on social media was actually a prolific cash launderer who swindled hundreds of thousands of {dollars} from firms within the U.S. and overseas, in response to CNN.

Abbas was sentenced in federal court docket final week to 11 years in jail and ordered to pay $1.7 million in restitution to 2 victims.

All advised, he and co-conspirators stole or conspired to launder greater than $300 million by means of varied fraudulent on-line actions, the Division of Justice stated.

In a single case, Abbas and Ghaleb Alaumary induced a paralegal at an unnamed New York regulation agency to wire greater than $900,000, which was meant for a consumer’s actual property refinancing, to a checking account managed by the fraudsters.

In 2019, he helped launder $14.7 million stolen by North Korean hackers from a financial institution in Malta, funneling the cash by means of banks in Romania and Bulgaria. Different victims embody a U.Ok.-based soccer membership and an individual who was making an attempt to construct a faculty in Qatar, officers stated.

Till his June 2020 arrest, Abbas had fairly a experience — in some circumstances actually — along with his ill-gotten good points.

Along with photographs of him with varied sports activities stars and celebrities, Abbas’ posts included footage of him posing with Bentleys, Rolls Royces and Ferraris, with the hashtag #AllMine.

“Began out my day having sushi down at Nobu in Monte Carlo, Monaco, then determined to e-book a helicopter to have … facials on the Christian Dior spa in Paris then ended my day having champagne in Gucci,” Abbas wrote in a caption on his now-defunct Instagram account, CNN reported.

However Abbas’ energetic social media presence, which had hundreds of thousands of followers, additionally helped carry him down, as officers linked the e-mail handle and telephone quantity he used to register his Instagram account to transactions he was believed to have made along with his co-conspirators.

His posts had been additionally helpful. Investigators, for instance, verified his birthday by matching the one he listed on a U.S. visa utility with the date of a submit of a birthday cake that was topped with a Fendi brand.

Abbas, 40, was arrested by United Arab Emirates authorities at a Dubai resort in June 2020. He was subsequently turned over to the FBI, who charged him with conspiracy to commit cash laundering.

On the time of his arrest, authorities seized greater than $40 million, in addition to 13 luxurious vehicles price practically $7 million and electronic mail addresses of hundreds of thousands of potential victims.

Previous to his sentencing, Abbas struck a distinct tone than the flamboyance on show throughout his spree. In a letter to United States District Decide Otis D. Wright II, he expressed remorse for “letting greed destroy the great identify of my household, my blessing and my identify.”

Ted Glanzer

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