Hushpuppi to plead guilty to money laundering charge, the embattled Nigerian socialite, has agreed to plead guilty to the money laundering charge against him.
Hushpuppi, who is known for his luxury lifestyle, was arrested in the UAE in June 2020 alongside 11 of his associates over allegations bordering on hacking, impersonation, scamming, banking fraud, and identity theft.
The social media figure’s extradition to the US had followed after the UAE police detailed his arrest in a special operation dubbed ‘Fox Hunt 2’ where he was accused of defrauding 1.9 million victims to the tune of N168 billion.
Hushpuppi, whose real name is Ramon Olorunwa Abbas, was arraigned and detained at the Metropolitan Correctional Center (MCC) in Chicago ahead of his trial.
A partly redacted plea agreement document in the cyber fraud case against him surfaced online on Wednesday.
In the court file signed by Loius Shapiro, Hushpuppi’s lawyer, on behalf of the defendant, Hushpuppi agreed to give up the right to indictment by a grand jury and plead guilty to count two of the trial.
The referenced court case, it is understood, charges Hushpuppi with “conspiracy to engage in money laundering.”
For a person to be deemed guilty of the crime, the document read, “there was an agreement between two or more persons to conduct a financial transaction involving property that represented the proceeds of wire fraud.”
In other developments, the release from his lawyer stated that Hushpuppi understands that the maximum jail term for his offense is 20 years and he accepted to pay a refund to his victims if court demands him to do so.
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