A 30-year-old graduate of Computer and Information Science, Ake Oluseun, aka Ijoba has been arrested by the Lagos Zonal Office of the Economic and Financial Crimes Commission, EFCC for tax fraud he committed sometimes in January this early.
According to Wilon Uwujren, Head Media and Publicity, EFCC, the suspect who owns Canbit Music, Canbit Resources (Nig.) Limited, Istartup Enterprise and Volta Company, allegedly sent an email to an employee of an American company requesting for the W-2s of the staff was arrested in Lagos, following intelligence report.
The W-2 form shows the reports of an employee’s annual wages and the amount of taxes withheld from his or her pay cheque, which an employer sends to his or her employees and the Internal Revenue Services, IRS.
He said the suspect, who impersonated the Chief Executive Officer, CEO, of the American company, was alleged to have received 790 ( Seven Hundred and Ninety) W-2s from the staff, which he sold to some anonymous buyers in the ‘dark world’, an illegal method of cash remittance across countries and does not involve physical movement of cash.
“Oluseun, who is also being investigated for Business E-mail Compromise, BEC, was allegedly paid with e-currency such as bitcoins and perfect money.
“Also, the suspect was alleged to have printed some American bank cheques, which he presented as evidence of payment to his victims online.
“Items recovered from the suspect include American cheques, three external hard drives, mobile phones, two laptops, Spectranet Router, flash drives, printer and USB modems”, he said.
Investigation revealed that Ijoba is a new type of phishing, which attempts to lure human resources, accounting and pay roll staff of a company to disclose the W- 2s of all the employees in the company.
The suspect will soon be charged to court after investigation is concluded.