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Woodberry Pleads Guilty to Wire Fraud

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A known associate of the now-imprisoned internet fraudster, Hushpuppi,  Olalekan Ponle, known as Woodberry, has pleaded guilty to wire fraud.

Ponle agreed to forfeit $8 million in proceeds of wire fraud as well as luxury cars and watches to the foreign government.

According to his plea agreement, he is required to pay back the sum of $8 million he fraudulently received from the seven companies that he scammed.

Written by: Helen Obih

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