Fact #169 EnforcementNumbers

316 monthsA real estate phishing operator's federal sentence

A phishing ring that hijacked real estate closing emails got its operator 316 months, over 26 years, in federal prison.

Prosecutors said actual losses reached about $12 million against an intended loss of more than $100 million; he was also ordered to pay $3,386,908 in restitution.

Source: Security Affairs. Read more: real estate closing wire fraud · case file

Sources

  1. Nigerian man Sentenced to 26+ years in real estate phishing scams. Security Affairs. Accessed 2026-10-30.