Baha Ibrahim, Jawad Albadawi, Investment Fraud, Kansas 2024

KANSAS CITY, KAN. – Two Kansas men are accused of running a $4 million investment scheme that left victims with significant financial losses. Baha Ibrahim, 21, and Jawad Albadawi, 21, both of Overland Park, were indicted on several federal charges related to the scheme.

According to court documents, Ibrahim and Albadawi allegedly solicited money from investors by falsely claiming that their business would purchase merchandise wholesale and then sell the items online as individual retail sales, thereby yielding high returns. However, from March 2024 to August 2024, the duo is accused of failing to purchase bulk items or sell them consistent with representations they made to investors.

Instead of investing the funds as promised, Ibrahim and Albadawi allegedly misappropriated the money for their own personal benefit, including the purchase of luxury vehicles, cryptocurrency, and lavish trips to Dubai in the United Arab Emirates, Greece, and Las Vegas.

The Federal Bureau of Investigation (FBI) is investigating the case, and Assistant U.S. Attorney Ryan J. Huschka is prosecuting the case.

Ibrahim and Albadawi made their initial court appearances on November 24, 2025, before U.S. Magistrate Judge Teresa J. James of the U.S. District Court for the District of Kansas.

An indictment is merely an allegation, and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

The indictment charges Ibrahim and Albadawi with one count of wire fraud conspiracy, nine counts of wire fraud, one count of money laundering conspiracy, six counts of money laundering, and seven counts of transacting in criminal proceeds.

Baha Ibrahim, Jawad Albadawi

Defendant/Respondent: Baha Ibrahim, Jawad Albadawi

Criminal Charges: Wire fraud conspiracy, wire fraud, money laundering conspiracy, money laundering, transacting in criminal proceeds

City and State: Overland Park, Kansas

Date: March 2024 to August 2024, November 24, 2025

Sentence/Outcome: Currently pending

Dollar Amounts: $4 million

Source: https://www.justice.gov/usao-ks/pr/overland-park-men-indicted-investment-fraud-scheme