https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • About Us
  • Privacy Policy
  • Contact Us
Tuesday, July 15, 2025
The Genius Media
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad

ALLEGED FRAUD: Grand Jury Indicts #Woodberry, Faces 20 Years In Prison

Tgmedia by Tgmedia
July 18, 2020
in Crime
0

Suspected fraudster, Olalekan Ponle, popularly referred to as #Woodberry has been indicted by the grand jury, a group of lawyers empowered to conduct legal proceedings and investigate potential criminal conduct.

Woodberry, alongside Ramoni Abbas, also known as Hushpuppi, was arrested in the United Arab Emirate on June 10, and if convicted, will face 20 years in Prison.

Companies based in Iowa, Kansas, Michigan, New York and California also were victims of the fraud, prosecutors say.

He is currently facing charges bordering on wire fraud Conspiracy at a United States District Court sitting in Illinois.

His first appearance in court was on July 3, after which the preliminary hearing was set for July 16 before Judge Jeffrey T Gilbert.

A report of the special grand jury constituted in 2019, which was submitted to the court on Wednesday, indicted Mr Ponle.

In the American judicial system, the grand jury listens to the prosecutor and witnesses, and then votes in secret on whether they believe that enough evidence exists to charge the person with a crime.

When a person is indicted, he is given a formal notice that it is believed that he committed a crime. The indictment contains the basic information that informs the person of the charges against him.

The jury summed up the allegations against Mr Ponle to an eight-count charge of wire fraud, which violates section 1343 of the United States Codes.

ALLEGED FRAUD: Grand Jury Indicts #Woodberry, Faces 20 Years In Prison“Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretences, representations, or promises, transmits or causes to be transmitted by means of wire, radio, or television communication in interstate or foreign commerce, any writings, signs, signals, pictures, or sounds for the purpose of executing such scheme or artifice, shall be fined under this title or imprisoned not more than 20 years, or both.”

More so, the jury, in its conclusion, stated that, upon conviction, Mr Ponle shall forfeit to the United States of America any property which institutes and is derived from proceeds traceable to the offense provided in Title 18. United States Code, Section 981 (IXC) and Title 28, United States Code, Section 24611).

“If any of the property described above, as a result of any act or omission by a defendant: cannot be located upon the exercise of due diligence; has been transferred or sold to, or deposited with, a third party; has been placed beyond the jurisdiction of the Court; has been substantially diminished in value; or has been commingled with other property which cannot be divided without difficulty, the United States of America shall be entitled to forfeiture of substitute property, as provided in Title 21, United States Code, Section 853 (p), ” the report further read

Share this:

  • WhatsApp
  • Email
  • Tweet
  • Telegram

Like this:

Like Loading...
Tags: #WoodberryGrand Jury
Previous Post

BREAKING: Buhari Names Agbor Railway Complex After Goodluck Ebele Jonathan

Next Post

BREAKING!!! #ARSMCI: Aubameyang Brace Sends Arsenal To #EmiratesFACup Final – [PHOTOS/VIDEO]

Related Posts

Crime

33-Year-Old Serial Rapist Bags 1088 Years Jail Term

May 28, 2021
Crime

19-Yearr-Old Boy Arrested For Beheading 3 Persons

June 13, 2019
Court Sentences Ghanaian To 30 Months Imprisonment
Crime

Court Sentences Ghanaian To 30 Months Imprisonment For Human Trafficking

March 22, 2022
Next Post

BREAKING!!! #ARSMCI: Aubameyang Brace Sends Arsenal To #EmiratesFACup Final - [PHOTOS/VIDEO]

ADVERTISEMENT

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

%d bloggers like this: