Grand Jury Indicts Woodberry Of Fraud, Faces 20 Years In Prison
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.
According to the complaint, an unnamed Chicago company was defrauded into sending wire transfers totalling $15.2 million, SaharaReporters reports.
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. Grand Jury’s report
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.
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