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Phishing Scam Duo Admit to Millions in Fraudulent Transfers
SAN FRANCISCO – Two men, George Aboagye, 44, formerly of Stone Mountain, Georgia, and Dennis Jordan, 39, formerly of Dallas, Texas, have confessed to their roles in a sprawling money laundering operation linked to sophisticated phishing scams. Aboagye entered his guilty plea today, while Jordan pleaded guilty on July 10, 2025. The pair face serious time after being indicted by a federal grand jury in February 2024 and subsequently charged in July 2025.
The scheme’s roots trace back to December 2019, when Aboagye laundered $922,445.34 stolen from a San Francisco-based business via a classic business email compromise (BEC) scam. Hackers successfully impersonated a legitimate service provider, tricking employees into wiring nearly a million dollars to a fraudulent account. Aboagye and his associates then siphoned the money through this shell company, initiating a complex web of deceit.
The dirty money didn’t stop there. To obscure the origins of the funds, portions of the $922,445.34 were distributed to Aboagye and others, including Jordan, who deposited a $20,000 cashier’s check – directly sourced from the scam – into an account under yet another fabricated business name. Aboagye’s greed extended beyond the San Francisco heist. He also laundered $173,315.70 fraudulently obtained from a North Dakota state agency in May 2020, and an additional $80,300 pilfered from the Small Business Administration in August 2020. In total, Aboagye admitted to laundering between $1.5 million and $3.5 million.
Jordan wasn’t shy about the fraud either. He used multiple fake companies and identities to create bank accounts, funneling funds from unsuspecting victims. These included $15,000 from a California resident believing they were financing a gold shipment from Australia in January 2020, and $40,000 from another Californian who thought their money was supporting COVID-19 research in April 2020. He even secured a $220,000 loan through the SBA’s Paycheck Protection Program using one of these sham accounts, then used the money to buy a residence in Dallas. Jordan’s admitted laundering total: $336,600.
“This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation,” stated U.S. Attorney Craig H. Missakian and FBI Special Agent in Charge Sanjay Virmani. Both defendants have remained in custody since their arrests and were remanded following their guilty pleas. They are scheduled to be sentenced on September 24, 2025, before U.S. District Judge Rita F. Lin. Each faces a maximum sentence of 20 years in prison and a $500,000 fine. Sentencing will be determined after consideration of U.S. Sentencing Guidelines and federal law (18 U.S.C. § 3553).
Assistant U.S. Attorneys S. Waqar Hasib and Kevin Yeh are leading the prosecution, stemming from an FBI investigation. This case serves as a stark reminder that those who profit from digital deception will face federal prosecution and significant consequences. The OCDETF’s multi-agency approach continues to dismantle criminal networks that prey on businesses and individuals across the nation.
Key Facts
- State: California
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Cybercrime|Organized Crime
- Source: Official Source ↗
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