ATLANTA, GA – Uwemedimo Umoren, a Georgia resident, is facing federal charges after being indicted for his role in a sprawling, multi-million dollar fraud and money laundering conspiracy originating in Nigeria. Authorities allege Umoren acted as a key money launderer, funneling stolen funds from victims across the United States through a network of shell companies.
The U.S. Attorney for the Southern District of New York, Damian Williams, laid out the details of the scheme, describing it as a “cruel exploitation of elder adults.” Investigators say members of the Nigerian-based criminal enterprise preyed on vulnerable Americans, often posing as romantic interests to gain their trust before systematically draining their bank accounts. The total amount of money stolen is estimated to exceed $8 million.
Umoren was initially arrested in Georgia on December 17, 2021. The indictment alleges that from at least 2016 through December 2021, Umoren was a central figure in the enterprise, receiving fraudulent proceeds into over a dozen business bank accounts he controlled. These accounts were tied to companies Umoren formed under the guise of legitimate businesses, including auto sales and healthcare ventures.
The scheme wasn’t limited to romance scams. The enterprise also engaged in business email compromises, tricking companies into wiring funds to accounts controlled by the fraudsters. They also pitched fake investment opportunities promising enormous returns, preying on those hoping to secure their financial future. According to the indictment, Umoren controlled at least 15 bank accounts that received deposits totaling over $8 million.
“As alleged, the defendant participated in multiple fraud schemes, including romance and investment scams that targeted some of our most vulnerable community members, the elderly,” stated Patrick Freaney, Special Agent-in-Charge of the U.S. Secret Service’s New York Field Office. Freaney stressed that while Umoren will face justice in the Southern District of New York, the threat to elderly Americans remains substantial.
The U.S. Secret Service, leading the investigation alongside the U.S. Attorney’s Office, is continuing to investigate the broader Nigerian criminal network. The agency vows to remain vigilant in protecting the elderly from these predatory schemes, which often leave victims financially ruined and emotionally devastated. The charges against Uwemedimo Umoren carry significant penalties upon conviction, including lengthy prison sentences and substantial fines.
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Key Facts
- Agency: U.S. Secret Service
- Category: Fraud & Financial Crimes
- Source: Official Press Release
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