#British man charged in New York with hacking into bank computers, stealing millions

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An Englishman was charged with criminal charges in New York for stealing money from an investor's account by hacking  email servers and computers in US banks and brokers, resulting in losses of over $ 5 million. From January 2011 to March 2018, Idris Dayo Mustapha, 32, and others used phishing and other means to obtain usernames and passwords, according to 10 complaints released on Tuesday, 

. You have accessed your online banking and securities company account. Prosecutor said  Lagos, Nigeria, and his conspirators first sent the victim's money to his account. 

 They said that when banks began to block remittances, conspirators would trade unauthorized stocks in hacked accounts while at the same time making profitable trades in the same stocks in their own accounts. The 

  complaint cites a conversation between Mustafa and an unnamed conspirator, a Lithuanian citizen, in April 2016 about conducting fraudulent transactions with a brokerage firm's account or remittances from the account. 

 "It's better to  trade up and down  ... don't transfer fraud directly," Mustafa was reportedly said. In the statement. Breon Peace, a  U.S. lawyer in Brooklyn, said Mustafa was "part of a vicious group that cost millions of dollars  to victims by engaging in a series of cyber-crime." New York-based Mustafa lawyer  did not immediately respond to requests for comment. The United States is about to hand over Mustafa after being arrested in the United Kingdom in August 2021. 

 If convicted, Mustapha faces up to 20 years in prison on each of various wire fraud, securities fraud and money laundering charges, plus two years for aggravated identity theft. In 2016, the U.S. Securities and Exchange Commission won an asset freeze against Mustapha in a Manhattan civil lawsuit also concerning his alleged hacking of brokerage accounts. 

 The case is U.S. v. Mustapha, U.S. District Court, Eastern District of New York, No. 17mj00367.

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