Reeled in a big one

November 12, 2024

🎣 Reeled in a big one: A 33-year-old Nigerian man was sentenced to 10 years for a phishing scam that stole $20 million in nest eggs from over 400 U.S. homebuyers. He sent phishing emails to real estate professionals, tricking them into providing their login credentials. Using those, he redirected home purchase payments to compromised accounts and laundered the money into bitcoin via Coinbase, according to the DOJ.