The United States government has charged four Nigerians and 11 others to a Manhattan Federal Court, New York,  for an alleged $18 million cyber and bank fraud .

The defendants are Oladayo Oladokun, 46, Farouk Kukoyi, 33, Baldwin Osuji, 31, and Henry Ogbuokiri, 32.

Others are Joshua Hicks, 24, Anthony Nelson, 28, Derrick Banks, 27, Ibrahima Doukoure, 61, Jamar Skeete, 36, Paul Yaw Osei, 32, Kowan Poole, 29, Darrel Williams, 62, Daryl Bartley, 58, Garnet Steven Murray-Sesay, 35, and Andrew heaven, 49.

A statement by the US Department of Justice said four of the 15 accused were apprehended in the District of Maryland, the District of Columbia, and Eastern District of Virginia on Tuesday while one was already in state custody. Ten are still at large. If found guilty of conspiracy to commit fraud and wire fraud, which all the defendants were charged with, they face a maximum of 30 years in prison.

Seven of the defendants – Messrs. Ogbuokiri, Hicks, Banks, Pool, Williams, Bartley, and Murray-Sesay- who were also charged with aggravated identity theft, could face a mandatory sentence of two years in prison.

Law enforcement agents from the U.S. Immigration and Customs, Police Department for the City of New York (“NYPD”), United States Secret Service (“USSS”) and Homeland Security Investigations (“HSI”) were involved in the coordinated investigations.

The authorities announced that the fraud was conducted in three phases which kicked off with the opening of more than 60 business accounts using the names and social security numbers of victims of identity theft.

Then the defendants deposit money they obtain by defrauding victims into the accounts. The last stage involves transferring the proceeds of their fraudulent acts into other accounts or by cash withdrawals.

“This case shows that as criminals move into the areas of cyber-related frauds, law enforcement is following. I want to thank the members of the NYPD’s Financial Crimes Task Force, working alongside our federal partners and prosecutors in the U.S. Attorney’s office, in the Southern District, for their success today in this important investigation,” said NYPD Commissioner, Dermot Shea.

“The success of this investigation illustrates the commitment of the U.S. Secret Service is working with our law enforcement partners to confront the continued threat of cyber-enabled financial crimes.

The Secret Service remains dedicated in actively pursuing those whose actions threaten the financial security of individuals, businesses, and the financial infrastructure of the United States,” said Patrick Freaney, the USSS Special Agent-in-Charge.