FBI to release Hushpuppi associate Mr Woodberry following move to sell his 152 bitcoins (N3.6 Billion)

 The US authorities are intending to sell 152 bitcoins that were confiscated from Olalekan Jacob Ponle, also known as Mr. Woodberry. Mr. Woodberry pleaded guilty to a wire fraud amounting to $8 million

According to a document filed on Friday at the U.S. District Court for the Northern District of Illinois, the U.S. Marshal Service will now take custody of the seized cryptocurrency assets from Mr.Woodberry for appropriate handling. 

This progression on Mr.Woodberry's case comes after He agreed to forfeit all the proceeds from his wire fraud activities, which he carried out under the alias 'Mark Kain'. He recruited at least four individuals as money mules while he was living in Dubai, United Arab Emirates. Law enforcement officers in Dubai arrested him, and he was later transferred to the Federal Bureau of Investigation in 2020. Following this, he was promptly transported to Chicago, where he has been undergoing trial.

The federal authorities have requested individuals who have an interest in the seized property to file a claim within 30 days and provide valid documents. They have stated that they will inform anyone who has claimed ownership of the property, which is subject to the preliminary order of forfeiture.

In the event that no one comes forward to claim ownership of the seized assets, American prosecutors have announced their intention to advertise the sale of the assets.

On June 29, federal prosecutors requested a judge to sentence Mr. Woodberry to 14 years of imprisonment for the fraud he committed from January to September 2019.

The prosecutors have further recommended that Mr. Woodberry, who gained notoriety for showcasing his extravagant lifestyle on social media, should surrender various items currently held by the Dubai police. These items include a Rolls Royce, Lamborghini Urus, Mercedes-Benz G-Class AMG G55, four Rolex watches, one Patek Philippe watch, and three Audemars Piguet watches.

In addition, he is required to forfeit three rings adorned with gold and diamonds, five gold bracelets along with two gold bracelet keys, six gold neck chains, a necklace embedded with gold and diamonds, a small gold nugget, two bank cards, approximately $1,835 in Emirati dirhams, and around $15.45 in South African rands.

See reactions below.

the_real_tobe_official: Them wan set buyer up😂😂😂 Go buy and enter jail 😭😭 Them go just add buyer own join sell all of them 😂😂😂  

drake_moneyy: E get one level wey you go do fraud you go Dey satisfied and retire nah greediness Dey kill most of this yahoo boys  if you don chop big money just retired and find one business do but the fraud dey sweet una Dey go …una no Dey get common sense ?

vendorsinlagosng: Wow! This guy was richer than so many politicians o 😮  

hott_galz: These guys will come out of jail extremely poor 😏😏😏  

smarty.lee :B4 the next 30 days i decree prosperity upon everyone that believes in Jesus name. Like this comment if you believe  

natashabankz7: As you reach there to buy it,they will still investigate you,Then still arrest you if they suspect anything😂😂😂  

blord_official:   Sure no way to contact them ?  

iamzeus.7: Na all these kind news una take they destroy the name of Nigeria so, from here now other blogs go carry am then na so blogs outside Nigeria go carry am too then boom he go enter everywhere for the Globe, na una Dey even destroy the country no be govt, na here we dey dem say snake an monkey carry money una no milk the story because he no dey relevant to una,  but once na scam an anything relating cyber crime una go milk the story till the whole world hear Nigeria name again.