Abraham Adeniyi, Money Laundering, New York 2020

Abraham Adeniyi, a 37-year-old from Atlanta, Georgia, has been charged with money laundering in New York.

According to the indictment, Adeniyi used a web of bank accounts to hide millions of dollars stolen from fraud victims, some of which went to Adeniyi's own pockets.

Adeniyi is charged with one count of conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and one count of conspiracy to commit bank fraud, which carries a maximum sentence of 30 years in prison.

The indictment alleges that from at least 2017 through at least 2020, Adeniyi opened and directed others to open multiple bank accounts, which received proceeds of various wire fraud schemes, and transferred and directed others to transfer those proceeds among the bank accounts he had opened, as well as to other bank accounts controlled by participants in the scheme.

As part of the scheme, Adeniyi and others used fraudulent identification information to open accounts at FDIC-insured banks and to obtain the funds in those accounts.

Adeniyi was arrested this morning in Georgia and will be presented later today before a federal magistrate judge in the Northern District of Georgia.

The case is being handled by the Office's Money Laundering and Transnational Criminal Enterprises Unit. Assistant United States Attorney Anden Chow is in charge of the prosecution.

The charges in the indictment are merely allegations, and Adeniyi is presumed innocent unless and until proven guilty.

Source: https://www.justice.gov/usao-sdny/pr/operator-money-laundering-scheme-indicted-manhattan-federal-court