March 29, 2024

CONTACT: Barbara Burns
PHONE: (716) 843-5817
FAX #: (716) 551-3051

BUFFALO, N.Y. – U.S. Attorney James P. Kennedy, Jr. announced today that Eric Iwu aka James, 32, a Nigerian citizen currently residing in Buffalo, NY, was charged by criminal complaint with conspiracy to commit wire fraud. The charge carries a maximum penalty of 20 years in prison and a $250,000 fine.

Assistant U.S. Attorney Charles M. Kruly, who is handling the case, stated that according to the complaint, the defendant is accused of facilitating a “Business Email Compromise” (BEC) scam, a type of scam typically targeting companies that conduct wire transfers and have suppliers and vendors abroad. BEC scammers typically use techniques, such as keyloggers and phishing attacks, to compromise or spoof the corporate or publicly available email accounts of executives or high-level employees who are involved in a company’s finances or wire transfer payments to vendors. BEC attackers impersonate the CEO or any executive authorized to do wire transfers. Once access has obtained access to a victim’s email account, the scammer can then alter the victim company’s payment invoices so that vendor payments will be directed to a bank account controlled by the scammer, rather than a bank account controlled by the legitimate, intended payee.

In October 2018, Homeland Security Investigations (HSI) in Buffalo received information that a victim (Victim 1) in Dubai, UAE, was the subject of a BEC fraud utilizing…

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