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British man accused of hacking American bank computers



(Reuters) – A British man has been charged in New York with stealing money from investors’ accounts by hacking into the email servers and computers of US banks and brokerages, causing losses of more than $ 5 million.

According to a dozen complaints published on Tuesday, Idris Dayo used Mustapha, 32, and other phishing and other methods to obtain usernames and passwords and access online bank and broker accounts from January 2011 to March 2018.

Prosecutors said the native Lagos, Nigeria and his co-conspirators first transferred the victims’ money to their own accounts.

They said that when the banks started blocking the transfers, the conspirators would make illicit stock trades on hacked accounts, while doing profitable trades with the same stocks on their own accounts.

The complaint quoted from a conversation in April 201

6 between Mr Mustapha and an unnamed co-conspirator, a Lithuanian citizen, about whether to carry out illicit transactions with or transfer money from a broker’s accounts.

“Better to go shopping upside down and … not directly scam thread,” Mustapha was quoted as saying.

In a statement. U.S. Attorney Breon Peace in Brooklyn said Mustapha was “part of a disgraceful group that caused millions of dollars in casualties by participating in a variety of cybercrimes.”

A New York-based lawyer for Mr. Mustapha did not immediately respond to a request for comment.

The United States is trying to extradite Mustapha after his arrest in Britain in August 2021.

If convicted, he risks up to 20 years in prison for each of the various charges of fraud, securities fraud and money laundering, plus two years for aggravated identity theft.

In 2016, the US Securities and Exchange Commission won a freeze on assets against Mr. Mustapha in a civil lawsuit in Manhattan, also regarding his alleged hacking of brokerage accounts.


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