US court gives reason why Hushpuppi was denied bail

The United State court sitting in Illinois,Chicago has reveal the reason why Ramon Abbas widely known as Hushpuppi was denied bail.

Hushpuppi was extradited to the US on July 3 alongside his friend Mr Woodberry, they were arrested in Dubai for alleged wire fraud.

The US court reveal that Hushpuppi was denied bail because he is alleged to have committed financial crimes that netted tens of millions of dollars.

Read statement:

“Abbas reportedly rents an apartment in Dubai for $10.000 a month and drives a Bentley. He is alleged to have committed financial crimes that netted tens of millions of dollars or more.

"For these reasons and those stated on the record, Mr Abbas shall be removed to the charging district in the custody of the US Marshal."