Woodberry had pleaded not guilty at first to the eight-count fraud charge brought against him for engaging in a scheme known as business email compromise (BEC).
However, a plea declaration submitted at the United States District Court of the Northern District of Illinois Eastern Division on April 6 revealed Woodberry has had a rethink and has now pleaded guilty to count one of the indictments.
According to his plea agreement, he was required to repay the $8 million he fraudulently received from the seven companies that fell for his scam.
