A Framingham, Massachusetts man was sentenced this week for his role in a business email compromise (BEC) scheme.
Gustaf Njei was sentenced by U.S. District Court Chief Judge F. Dennis Saylor IV to 27 months in prison and two years of supervised release. Njei was also ordered to pay restitution in the amount of $94,630.
In December 2022, Njei was convicted by a federal jury of two counts of wire fraud, one count of structuring to avoid reporting requirements, one count of unlawful monetary transactions and one count of money laundering conspiracy.
According to prosecutors, Njei set up a bank account in the name of a fake business, “Njei Trading,” to receive the criminal proceeds of a BEC scheme. Njei’s co-conspirators used hacked and spoofed email accounts to trick the victims of the scheme into wiring hundreds of thousands of dollars to a bank account under Njei’s control. Njei then transferred part of the funds to a bank account located overseas, while splitting the remaining funds with a co-conspirator in the United States.
Since June 2016, victims have lost over $43 billion to BEC fraud schemes just like the one Njei and his co-conspirators engaged in, said U.S. Attorney Rachael S. Rollins. She said the online criminals are getting more sophisticated.
Topics Massachusetts
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