Hushpuppi, a popular Instagram celebrity was arrested By the Dubai Police where it is alleged his team scammed $430,000,000 from over 1.3 Million victims worldwide.
The news of his arrest first broke on Twitter.
During the arrest recorded on video, Dubai Police seized $40 million in cash and more than a dozen luxury cars. In a video shared by police, officers explained how they arrested Raymond Abbas, better known as Hushpuppi. The Nigerian is accused of creating websites that appear identical to those of well-known companies and banks.
People were sent emails and messages that prompted them to log in or make payments on the fake sites. Mr Abbas is accused of being part of a gang that hacked corporate emails and directed huge payments to accounts they controlled.
Olalekan Jacob Ponle, known as Woodberry, was also arrested along with 10 other men in an operation that involved six police teams.
Dubai Police confiscated 13 luxury cars, valued at about $7 Million, 21 computers and 47 smartphones during the raid.
They said the email addresses of 800,000 people were found and $430,000,000 could have been stolen from victims of the alleged scam.
The operation was called Fox Hunt 2, after a raid Dubai Police carried out in February on an African cyber-crime gang accused of stealing Dh32m in a similar scam.
Mr Abbas, who has more than two million followers on Instagram, is accused of posing as a property investor and businessman.