FBI arrests ‘Bobo Chicago’ in $2.8 million cyber fraud scheme

The United States Federal Bureau of Investigation (FBI) arrested Oluyomi Omobolanle Bombata, 25, known in criminal circles as “Bobo Chicago” or “Bola Flexx,” for his alleged involvement in a scheme Sophisticated fraud earned about 2.8 million USD. Bombata was arrested on November 20 in Chicago, Illinois, following an arrest warrant issued in Oklahoma, where the charges originated.

According to People’s GazetteBombata faces multiple charges, including wire fraud, conspiracy to commit wire fraud, money laundering and illegal currency transactions. These charges, tied to activities between June and October 2023, reveal a complex operation in which Bombata allegedly exploited business email communications to fraudulently transfer funds .

Before moving to Chicago, Bombata was allegedly involved in fraud schemes targeting Nigerians in the Houston metropolitan area. Investigators believe he then directed his activities from Oklahoma, where he now faces prosecution.

Federal authorities have traced more than $300,000 in illegal proceeds to a popular liquor store in the US, implicating the store’s owner in money laundering. This nexus highlights the far-reaching impact of cybercrime, linking digital fraud with physical business activities.

During his first court appearance, Bombata requested a public defender, citing his inability to afford private legal counsel. The upcoming legal proceedings are expected to shed light on his entire network and alleged activities.

Bombata’s arrest contributes to the ongoing fight against cybercrime, commonly known as “Yahoo Yahoo,” has become central to international law enforcement. A co-conspirator, whose identity has not yet been released, is also in custody as authorities continue to investigate the entire scheme.

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