Sunday, April 16, 2006

Surprising tidbit in story about title agent who embezzled $670,000

I just read a story that will be up at the main Credit Union Journal page for a day, and then in the archives for April 17th, it's kind of hard to navigate but worth a look.

Anyway, the story is about how a title agent stole $670,000 because she was taken in by one of those Nigerian cons. You know the one, they start off I am Mrs. Zomboga Muufa, my husband was killed in a recent uprising, etc. and she asks you to help her get money out of the country. It's pretty astonishing that she was taken in, especially to the tune of so much money, but this is the really amazing part:

Terry Ayeni, 42, a Nigerian national, duped Donna Burbank into looting funds she held in escrow for homebuyers and their lenders to help Ayeni and accomplices recover what they billed as $35 million in cash that had been blackened to get it through U.S. Customs.


And

Ayeni is already serving time in Ohio for an identical scam in New York and was scheduled to be deported to Nigeria when his term expires, but is now expected to receive a longer term when he is sentenced in June.


There is a real Nigerian behind the Nigerian 409 schemes. Since this type of fraud goes all the way back hundreds of years to something called the Spanish Prisoner, finding out there is a real Nigerian is shocking to me. How shocking? Well it is kind of like reading a story about Easter crime and seeing that a large rabbit has been taken into custody on suspicion of handing out candy to children without parental permission...

1 Comments:

At 9:46 PM, Blogger Georgiana said...

There is more information about this story found here.

Good stuff, including weirdness with cleaning money with expensive chemicals.

 

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