The Federal Bureau of Investigation (FBI) says that an “elusive” Nigerian man has been convicted of running a national banking and money laundering scheme that has achieved more than $ 2 million.
According to a new press release from the Ministry of Justice (DOJ), the 39-year-old Oluwaseun Adekoya, who lives in New Jersey, has been convicted of conspiring bank fraud, conspiracy of money and nine counts of heavy identity theft for controlling the plot.
Authorities say that Adekoya has obtained public information about the Equity -credit lines of People’s Home Equity (Heloc), those who had identified considerable amounts and subsequently used coded messages -apps to find private -identifying information about his victims.
Adekoya then recruited “a huge web of managers” throughout the country, shared the information with them and delivered them fake -identification cards so that they could present themselves as Heloc customers at banks and credit associations to include funds from victims’ accounts.
To prevent detection, Adekoya used a network of burner telephones and used encrypted chat applications to provide important information. He also white funds via bank accounts under names of other people.
According to the press release, Adekoya has an extensive criminal Rapblad and has been convicted several times since 2008 for fraud-related crimes.
Authorities say they have investigated Adekoya since May 2022. He and 13 others were charged in December 2023, and since then they have all argued guilty. Federal agents have seized Rolex watches, a Tiffany -Veloving ring of $ 51,000, designer handbags and shoes, as well as a bank account with $ 26,000 from Adekoya.
The conviction of Adekoya is planned on October 30 and he is confronted with at least two years and a maximum of 32 years behind bars.
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