Higham man convicted of money laundering


criminality

Yannick A. Minang, 27, was sentenced by US District Court judge Patti B. Sarris to more than four years in prison.

BOSTON – A man from Hingham who had previously been convicted of money laundering was convicted on Wednesday in a commercial email compromise program (BEC), according to a statement by Acting United States Attorney Nathaniel R. Mendell .

Yannick A. Minang, 27, was sentenced by US District Court judge Patti B. Sarris to more than four years in prison, the statement said.

In September 2020, Mendell said Minang pleaded guilty to five counts of wire fraud, one count of illegal money transactions and one count of money laundering conspiracy.

Minang conspired with co-conspirator Bintu Toure and others to open multiple Massachusetts bank accounts on behalf of shell companies, as part of an apparent Commercial Email Compromise (BEC) program, according to the communicated.

A BEC system is a sophisticated scam often targeting businesses involved in wire transfer payments. Fraud is carried out by compromising and / or “spoofing” legitimate business email accounts through social engineering or computer intrusion techniques to trick victimized company employees (or others involved in legitimate business transactions) to transfer funds to accounts controlled by scammers. .

Using fraudulent invoices and forged email accounts, Mendell said Minang conspired to deceive the victims of the scheme by having them wired hundreds of thousands of dollars into bank accounts under his control.

Minang and his co-conspirators then transferred funds from the accounts to others located overseas, the statement said.

On April 16, 2021, Touré was sentenced by U.S. District Court Senior Judge Mark L. Wolf to one year and one day in prison, three years of supervised release, restitution and forfeiture after previously pleading guilty to fraud by wire and separate money laundering. conspiracy.

In September 2019, Minang was sentenced to nearly four years in prison after pleading guilty for his role in a separate BEC program.

Assistant US Attorney William B. Brady, head of Mendell’s Criminal Division, continued the case.


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