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Ghanaian Fraud Ring Member Pleads Guilty to $100 Million Scam

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Derrick Van Yeboah, a Ghanaian national, pleaded guilty to his role in a fraud ring that stole over $100 million from U.S. victims through business email compromise (BEC) attacks and romance scams. The operation, active from 2016 to May 2023, involved multiple accomplices and targeted vulnerable individuals and businesses. Van Yeboah, a high-ranking member, impersonated romantic partners to gain trust and then tricked victims into sending money. He also helped launder funds from other victims and participated in BEC attacks by impersonating senior corporate leaders or suppliers. Van Yeboah is set to pay over $10 million in restitution and faces up to 20 years in prison.

Timeline

  1. 06.03.2026 12:08 2 articles · 3d ago

    Ghanaian Fraud Ring Member Pleads Guilty to $100 Million Scam

    Derrick Van Yeboah pleaded guilty to his role in a fraud ring that stole over $100 million from U.S. victims through romance scams and business email compromise attacks. The operation, active from 2016 to May 2023, involved multiple accomplices and targeted vulnerable individuals and businesses. Van Yeboah impersonated romantic partners to gain trust and then tricked victims into sending money. He also helped launder funds from other victims and participated in BEC attacks by impersonating senior corporate leaders or suppliers. Van Yeboah is set to pay over $10 million in restitution and faces up to 20 years in prison.

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