Nigerian national receives eight-year sentence for $1.3m cyber fraud in US

A United States federal court has sentenced Nigerian national Matthew A. Akande to eight years in prison for leading a cyber fraud scheme involving $1.3 million.

In a ruling by a United States federal court, Matthew A. Akande, a Nigerian national, was sentenced to eight years imprisonment. The conviction stems from his role in orchestrating a cyber fraud scheme that defrauded victims of $1.3 million. This case highlights ongoing efforts by US authorities to combat international cybercrimes involving Nigerian perpetrators. The sentencing occurred as reported on February 19, 2026, by Daily Trust. No further details on the specifics of the scheme or additional charges were provided in the available information.

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Dramatic courtroom scene of Do Kwon sentenced for Terraform Labs crypto fraud, featuring crashing charts and devastated investors.
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Do Kwon sentenced to 15 years for crypto fraud

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South Korean cryptocurrency entrepreneur Do Kwon was sentenced to 15 years in prison on Thursday for fraud related to the collapse of his Terraform Labs project, which erased $40 billion in investor value. The 34-year-old pleaded guilty in August after an international manhunt and extradition from Montenegro. The case highlights the risks in the volatile crypto market, with victims describing devastating personal and financial losses.

A United States district court has sentenced Paulinus Okoronkwo, a former senior executive of the Nigerian National Petroleum Corporation, to 87 months in prison for accepting a $2.1 million bribe.

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Federal prosecutors in the United States have charged a 59-year-old Venezuelan national with laundering about $1 billion through cryptocurrency wallets and shell companies. Jorge Figueira could receive up to 20 years in prison for what authorities describe as one of the largest such operations ever prosecuted by the Justice Department.

A Russian court has sentenced three young men to five years in prison for attempting to rob a cryptocurrency owner in Omsk. The attackers broke into the victim's apartment, threatened him with a knife, and beat him, but fled empty-handed after a neighbor intervened. The court ordered them to pay the victim over $5,000 in damages.

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European authorities have arrested nine suspects in a multinational operation targeting a cryptocurrency investment fraud network that stole at least €600 million from victims. The late October sweep involved agencies from several countries and resulted in the seizure of cash, cryptocurrency, and luxury items. Victims were lured through deceptive online tactics but could not recover their funds.

Mume na mke wake wameleta mahakamani kwa madai ya kushiriki katika mpango wa udanganyifu uliosababisha upotevu wa Ksh22 milioni kutoka kwa Shirika la Taifa la Mafuta la Kenya. Mke aliyekuwa mhasibu msaidizi alidaiwa kuongoza mpango huo pamoja na mume wake na mshirika wa tatu. Wanaomshtakiwa wamekataa mashtaka na wamewekwa rumande hadi tarehe 4 Februari.

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Delhi police have busted a cyber fraud syndicate with the arrest of two men, who operated through a network of shell companies to route defrauded money. The syndicate is linked to 176 complaints involving around Rs 180 crore in losses. The accused claim to have worked for Pawan Ruia, a West Bengal industrialist allegedly masterminding a Rs 317 crore scam.

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