Idris Dayo Mustapha, a person who is from both Britain and Nigeria, admitted in a court in New York that he took part in a criminal plan that lasted more than seven years.
This plan involved breaking into computer systems of banks and companies that trade stocks. As a result of this crime, customers lost more than $6 million.
He confessed to doing things like using fake access to get money, planning to break into computers, lying about investments, and being part of a plan to cheat people using the internet. He made all these confession when he was in front of a judge named Pamela Chen in Brooklyn.
According to Reuters, Mustapha is originally from Lagos, Nigeria. The police in the United Kingdom caught him in August 2021, and then sent him to the United States in August to face charges brought before him.
He will find out how many years he will spend in jail on April 3, 2024. He could be put away for as long as 20 years, but it might end up being less.
Mustapha and his partners tricked people by pretending to be someone else online and got their usernames and passwords between January 2011 and March 2018.
They took money and investments from other people’s accounts and did stock trades they shouldn’t have in those hacked accounts.
At the same time, they made good trades in their own accounts using the same stocks.
The legal case against Mustapha is known as U.S. v. Mustapha in the Eastern District of New York, with the case number 23-cr-00440.