FBI Arrests ‘Bobo Chicago’ in $2.8M Cyber Fraud Scheme

The U.S. Federal Bureau of Investigation (FBI) has arrested 25-year-old Oluyomi Omobolanle Bombata, known in criminal circles as “Bobo Chicago” or “Bola Flexx,” for his alleged involvement in a sophisticated fraud scheme that netted approximately $2.8 million. Bombata was apprehended on November 20 in Chicago, Illinois, following a warrant issued in Oklahoma, where the charges originate.

According to People Gazette, Bombata faces multiple indictments, including charges of wire fraud, conspiracy to commit wire fraud, money laundering, and unlawful monetary transactions. These charges, tied to activities between June and October 2023, suggest a complex operation in which Bombata allegedly exploited business email communications to fraudulently divert funds.

Prior to relocating to Chicago, Bombata was reportedly involved in fraudulent schemes targeting Nigerians in the Houston metro area. Investigators believe he later directed his operations from Oklahoma, where he is now facing prosecution.

Federal authorities traced over $300,000 of the illicit funds to a prominent liquor store in the U.S., implicating the store’s owner in a money laundering operation. This connection highlights the far-reaching impact of cybercrime, linking digital fraud to tangible business activities.

During his initial court appearance, Bombata requested a public defender, citing an inability to afford private legal counsel. The upcoming legal proceedings are expected to shed light on the full scope of his alleged network and operations.

Bombata’s arrest contributes to the ongoing fight against cybercrime, often referred to as “Yahoo Yahoo,” which has become a focus for international law enforcement. A co-conspirator, whose identity remains undisclosed, is also in custody as authorities continue to investigate the scheme’s full extent.