Director of Criminal Investigation Department (CID) at Dubai Police , Brigadier Jamal Salem Al Jallaf, has revealed that Raham Igbalode known as Hushpuppi and his gang were planning a $435million cyber fraud on a global scale, before they were busted.
Director of CID said, “The team also seized more than Dhs150 million ($40.9 million) in cash, 13 luxury cars with an estimated value of Dhs25 million ($6.8 million) obtained from fraud crimes, and confiscated 21 computer devices, 47 smartphones, 15 memory sticks, five hard disks containing 119,580 fraud files as well as addresses of 1,926,400 victims.”
After conducting further investigations and analysing confiscated electronic devices, Dubai Police investigators uncovered sensitive information mined by the suspects on individuals and companies overseas including bank accounts and fake credit cards as well as documents and files condemning the gangs’ illegal activities.
Last February, Dubai Police arrested an African gang of nine fraudsters specialised in cyber scam after they had run 81 fake business across 18 countries around the world.
Dubbed “Fox Hunt 1” the operation revealed a hidden online fraud network that deceived victims into transferring money in return of job opportunities. The gang used multiple bank accounts to make money transfers and deposits totalling more than Dhs32 million ($8.7 million)
The operation prevented the gang from abusing 800,000 email addresses and foiled their bid to steal Dhs4 billion ($1.08 billion).