A Nigerian man identified as Adedayo Fateru has been sentenced to 87 months imprisonment over his involvement in a money laundering operation of about $1.7m in proceeds from various fraud schemes in the United States.
According to a statement issued by the United States’ Attorney’s Office on Wednesday, Fateru was sentenced alongside three others to a combined 190 months in prison.
His jail term will be followed by three years of supervised release.
According to court documents cited by the Attorney’s Office, Fateru worked with Lisa Farrow, William Atwater and Victoria Stone in laundering proceeds from wire fraud schemes, including business email compromises, modified cheque schemes, fraudulent Automated Clearing House transactions, and false applications for COVID-19 economic injury disaster loans and unemployment benefits.
Related News
Prosecutors said Stone opened 10 bank accounts through which she received about $1.04m in fraud proceeds and withdrew approximately $187,375 through hundreds of
This post was originally published on this site.
