Pakistani Ordered to Pay $71,761,956.34 Restitution
Posted by: Timothy Weaver on 06/29/2017 10:23 AM
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Pakistani citizen Muhammad Sohail Qasman has been convicted of laundering $19.6 million in an international fraud scheme.
The fraud scheme was led by Noor Aziz of Karachi, Pakistan who is on the FBI's most wanted list and remains on the lam. The scheme resulted in losses amounting to $70 million.
The scheme involved unauthorized access to PBX systems of numerous U.S. companies. Once the access was accomplished, calls were made to long-distance locations and premium numbers to generate revenue. Qasman was tasked with laundering the proceeds and setting up bank accounts for Aziz.
In addition to a 48 month prison sentence, he has also been ordered to pay a fine of $25,000 and to share in the restitution of $71,761,956.34 -- the total amount lost in the scheme.
Acting U.S. Attorney Fitzpatrick credited special agents of the FBI, under the direction of Special Agent in Charge Timothy Gallagher, with the investigation leading to today’s guilty plea.
Source: Justice.Gov
The fraud scheme was led by Noor Aziz of Karachi, Pakistan who is on the FBI's most wanted list and remains on the lam. The scheme resulted in losses amounting to $70 million. The scheme involved unauthorized access to PBX systems of numerous U.S. companies. Once the access was accomplished, calls were made to long-distance locations and premium numbers to generate revenue. Qasman was tasked with laundering the proceeds and setting up bank accounts for Aziz.
In addition to a 48 month prison sentence, he has also been ordered to pay a fine of $25,000 and to share in the restitution of $71,761,956.34 -- the total amount lost in the scheme.
Acting U.S. Attorney Fitzpatrick credited special agents of the FBI, under the direction of Special Agent in Charge Timothy Gallagher, with the investigation leading to today’s guilty plea.
Source: Justice.Gov
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