A Houston man pleaded guilty Monday to an email scam which cost the city of Fort Worth $700,000, prosecutors said.
Gbenga Fadipe, 49, entered his plea in Tarrant County District Court.
Fadipe was charged with theft over $300,000, a first-degree felony. He faces up to 99 years or life in prison, but could also be sentenced to probation because it was his first offense, prosecutors said.
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He is currently out on bond.
City officials said the city’s accounts payable department received what appeared to be a request from a city vendor to change its bank account information for future payments.
But the email was, in fact, sent by someone falsely claiming to be from the legitimate company with a valid city contract.
A city employee followed the instructions and wired city funds to the thief's account.
Fadipe was caught on bank surveillance videos cashing in on the scheme.