Ramon Abbas, popularly known as Hushpuppi, who was arrested last year for money laundering and cyber crimes has recently been accused again of working with North Korean hackers to launder funds stolen from a Maltese bank.
July, Last year, Hushpuppi was arrested in Dubai and charged by the US Attorney’s Office in Los Angeles with conspiring to illegally acquire millions of dollars from ‘’business email compromise”’ (BEC) frauds and other fraudulent cases.
However, the Department of Justice (DOJ) has recently alleged that he worked alongside North Korean hackers to launder money stolen from a Maltese bank.
In a statement released by the Department of Justice, it was revealed that Hushpuppi participated in a “North Korean-perpetrated cyber-enabled heist from a Maltese bank in February 2019.”
He performed the role of a collaborator with a North Korean fraud and money launderer, Ghaleb Alaumary, based in Mississauga, Ontario, Canada.
According to the statement released by the DOJ;
“Alaumary agreed to plead guilty to the charge, which was filed in the U.S. District Court in Los Angeles on Nov. 17, 2020.”
“Alaumary was a prolific money launderer for hackers engaged in ATM cash-out schemes, cyber-enabled bank heists, business email compromise (BEC) schemes, and other online fraud schemes. Alaumary is also being prosecuted for his involvement in a separate BEC scheme by the U.S. Attorney’s Office for the Southern District of Georgia.
“With respect to the North Korean co-conspirators’ activities, Alaumary organized teams of co-conspirators in the United States and Canada to launder millions of dollars obtained through ATM cash-out operations, including from BankIslami and a bank in India in 2018.
“Alaumary also conspired with Ramon Olorunwa Abbas, aka “Ray Hushpuppi,” and others to launder funds from a North Korean-perpetrated cyber-enabled heist from a Maltese bank in February 2019”.
In a statement in July, the DOJ also referred to the attack as “a $14.7 million cyber-heist from a foreign financial institution.”
The date and the amount matched that of the attack on Malta’s Bank of Valletta in February 2019.
In July, Hushpuppi’s former lawyer told Forbes that his client was innocent and that he or his money legally through real estate.g brands.
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