Sherifdeen Mogaji had been arrested after he stole the sum of $850,000 from the Boulder Valley School District through email theft.
The arrest was made by Colorado Boulder County Sheriff after it was said to by the arrest affidavit that Sherifdeen Mogaji, 39 was arrested on February 21st and booked into Boulder County jail on suspicion of theft of $100,000 to $999,000, computer crime and forgery.
According to the arrest affidavit, Sherifdeen Mogaji used a driver's license number to open a TD Bank account where the funds were deposited.
The arrest document also stated that Sherifdeen spent $371,000 in few months, wired money to his account in Nigeria, and then $31,000 was spent on student loan.
The district first realized the scam when the contractor, Adolfson and Peterson Construction, asked for payments that already had been made.
The district said a sophisticated email that included a forged signature was sent to its office asking for a form to change payment routing information.
The district then filled out the form and made four payments to a fraudulent account, which totaled $852,733.83, according to the arrest affidavit.
Authorities were able to recover about $500,000 by freezing the fraudulent account. The district said insurance covered another $200,000, leaving the district with $172,000 stolen.