Nigerian Convicted in Puerto Rico for Laundering Millions From Fraud Schemes
A U.S. federal jury in Puerto Rico has convicted Olusegun Baiyewu, 37, of Richmond, Texas, for conspiracy to launder millions from romance scams, pandemic relief fraud, and business email compromise attacks.
The U.S. Department of Justice said Baiyewu and four others laundered proceeds from schemes that targeted elderly Americans and businesses, disguising illicit funds through multiple accounts and purchases, including used cars shipped overseas to Nigeria.
Officials said the conviction underscores U.S. resolve to dismantle transnational organized fraud networks exploiting vulnerable victims. Sentencing will be held before Judge Raúl M. Arias-Marxuach in Puerto Rico.
#FraudAlert #JusticeServed #CyberCrime
A U.S. federal jury in Puerto Rico has convicted Olusegun Baiyewu, 37, of Richmond, Texas, for conspiracy to launder millions from romance scams, pandemic relief fraud, and business email compromise attacks.
The U.S. Department of Justice said Baiyewu and four others laundered proceeds from schemes that targeted elderly Americans and businesses, disguising illicit funds through multiple accounts and purchases, including used cars shipped overseas to Nigeria.
Officials said the conviction underscores U.S. resolve to dismantle transnational organized fraud networks exploiting vulnerable victims. Sentencing will be held before Judge Raúl M. Arias-Marxuach in Puerto Rico.
#FraudAlert #JusticeServed #CyberCrime
Nigerian Convicted in Puerto Rico for Laundering Millions From Fraud Schemes
A U.S. federal jury in Puerto Rico has convicted Olusegun Baiyewu, 37, of Richmond, Texas, for conspiracy to launder millions from romance scams, pandemic relief fraud, and business email compromise attacks.
The U.S. Department of Justice said Baiyewu and four others laundered proceeds from schemes that targeted elderly Americans and businesses, disguising illicit funds through multiple accounts and purchases, including used cars shipped overseas to Nigeria.
Officials said the conviction underscores U.S. resolve to dismantle transnational organized fraud networks exploiting vulnerable victims. Sentencing will be held before Judge Raúl M. Arias-Marxuach in Puerto Rico.
#FraudAlert #JusticeServed #CyberCrime
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