On social media, where Abbas had posted videos of himself tossing wads of cash like confetti, he referred to himself as a real estate developer. But federal investigators said he financed his extra…
By Faith Karimi and Larry Madowo | CNN
to conspiracy to engage in money laundering. In addition to the prison sentence handed down on Monday, United States District Judge Otis D. Wright II ordered him to pay $1.7 million in restitution to two fraud victims.made headlines worldwide. “Since I have been incarcerated, I have had enough time to reflect on the past and I regret letting greed ruin the good name of my family, my blessing and my name,” he wrote.
“Money laundering and business email compromise scams are a massive international crime problem, and we will continue to work with our law enforcement and international partners to identify and prosecute those involved, wherever they may be,” said Martin Estrada, a United States attorney.Abbas’ September letter to Judge Wright detailed how his co-conspirators reached out to him to pinpoint businesses to scam or request banking information to transfer fraudulently obtained funds.
Federal investigators have described Abbas as a prolific money launderer who leveraged his social media platform to gain notoriety and brag about his wealth.
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