A CYBER fraudster and drug dealer who flaunted his cash online has been jailed for five years.

Dan Aiyegbusi, who admitted never working a legitimate day in his life, worked with organised hackers in the UK and abroad to launder stolen money.

Prior to being arrest by the Metropolitan Police’s Cyber Crime Unit, the 23-year-old was stopped by police in Colchester and found with 49 rocks of crack cocaine.

While in custody, officers gained access to other mobile phones he had which showed he was involved in a county lines operation flooding drugs into the borough.

Later a Facebook profile he had set up under a pseudonym was found to be being used to advertise online bank accounts where the username and password had been acquired through cyber crime.

He also advertised facilities to cash out accounts.

Further investigation revealed that the Facebook account was opened in 2015 and contained requests for banks accounts or credit and debit cards for use in fraud.

There was also photos of him emptying accounts and videos of large sums of cash, expensive watches and cars.

A covert operation was launched under the name Operation Katoko to gather evidence.

He was arrested in Luton last year.

Aiyegbusi, of Eastern Boulevard, Leicester, admitted five counts of money laundering, totalling £41,150 and possession with intent to supply class A and class B drugs.

He was cleared of another money laundering charge but was jailed at Southwark Crown Court.

One of Aiygebusi’s victims, who is 80 years old, said he targeted her on the phone.

“I was so pleased to hear the good news as it has caused me and my husband a lot of stress and worry,” she said.

“I would receive numerous telephone calls from someone purporting to be from a telephone company saying there is a fault.

“I’ve been too scared to answer the phone in case the same thing happens again.”

Cyber Defence Alliance CEO, Steve Wilson, said: “Op Katoko is an excellent example of industry and law enforcement working closely together to protect customers and target those individuals who commit organised cyber crime and money muling offences.

“The Cyber Defence Alliance were able to coordinate the investigation from UK banking sector members and provide our partners in the Metropolitan Police with actionable intelligence to build a case leading to the arrest of a prolific criminal who believed he could act with complete impunity.