everydayperson:
419 Grandmaster teaching his pof-pof yahoo learner and drunkard a thing or two about humility

AlhajiBitcoin:
He made money selling drinks in Abuja..

Or running bars..

Billyonaire666:


Are you saying that Obi is a Google Google man?

everydayperson:


Did you not follow his beef with Hushpuppie and his talk about their runnings in Malaysia.

Please give me a breakdown of the startup Obi birthed and how he came by his zillions

Billyonaire666:
I am not kidding, I did not follow. Been trying to wrap my head around the sources of income for E-money and Obi for a while. I had only drugs in mind, I had no idea such money can come from internet fraud, though.

everydayperson:


It is called BEC (Business Email Compromise) - The world is not as smart as she believes - this is how it works, asides Banks and Financial Institutions, other large corporates like Marine & Shipping, Construction and Heavy Equipment, Oil & Gas, Agriculture, Universities and Healthcare providers typically have a large number of contractors and vendors and suppliers who they make payments to regularly and on ad-hoc conditions.

These companies are not known for their exceptional IT Department of IT-Investments, they just want to get the parts they need, pay the supplier and move on.. Finance emails are typically shared across a number of full-time and intern staff because of the volume of transactions that need to be performed daily/weekly.

Step 1: MacDon Obi target's a large corporate and sends an email to the Finance email with a spurious link to either access an important email that is blocked because a password is needed from an authorized person to view the attachment.

Step 2: Someone who is probably an accountant or intern clicks on the email and provides the password used for the Finance department's mailbox - MacDon Obi collects this password and logs on to the email/mailbox of the company's finance department and begins to monitor transactions - His target.. a very large invoice payment $$$$

Step 3: As soon as that LARGE invoice is detected, MacDon Obi changes the bank details and informs Finance that due to security incidents, they are changing bank accounts to avoid hackers and fraudsters.. because this is common in the industry, the Finance department obliges and concludes payment into MacDon Obi's picking account.

all you need is 4-5 of those transactions typically amounting to a minimum of $1-$2 million USD and you are set for life.

the FBI estimated in that between 2016-2019, at least 12$+ billion was lost this way to BEC scammers