Mississippi-based case nets 16 arrests on fraud

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Updated: 5/20 5:14 pm

JACKSON, Miss. (AP) — Prosecutors say 16 people have been arrested on charges that they took part in a fraud that used stolen information to get money and goods and then ship them to South Africa and Nigeria.

The charges were unsealed in federal court Tuesday in Gulfport, Mississippi, as people were arrested in South Africa, Canada, California, Wisconsin, Indiana and New York.

Authorities say additional charges were filed in Atlanta and Charleston, South Carolina.

Federal criminal charges filed in Mississippi against Oluyitan Olagoke of Brooklyn, New York, say he and others were part of the Yahoo Boys, a west African gang. The charges and a related indictment against 17 other people say that the gang would buy bank account information from hackers, steal money, and then send cash or goods to Africa.

©2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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