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Nigerian internet scammer jailed

JAILED: Michael Ugboaja

A MAN has today (July 6) been sentenced to two years in prison for his part in a multi-million pound internet scam.

Michael Ugboaja, 48, was convicted at Inner London Crown Court on June 14 for laundering over £470,000 from a number of businessmen around the world.

The east London resident was said to have been a part of a gang of conmen who defrauded their victims in a number ways.

Ugboaja reportedly conned an accountant from Australia into handing over 1.7 million dollars to secure a non-existent £500 million dollar loan.

Over the course of 14 months, the victim paid out large amounts of money into various bank accounts to secure the bogus loan. He even travelled to England and Dubai for spurious business meetings with the conmen.

He was also taken to an office in Hertfordshire where he was shown a trunk containing a large quantity of cash - part of the plan to make the fraud more convincing.

In a separate scheme, a Swiss hotel owner was conned out of £11,000 in a fraudulent oil investment scheme.

The money from the scam has never been recovered and those who masterminded the scheme have yet to be traced.

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