Cary Man Sentenced to Five Years for Access Device Fraud and Identity Theft
A Cary man has been sentenced to 61 months in prison for his role in multiple access device fraud schemes involving the theft and misuse of personal identifying information of victims across the United States.
Ibrahim Abiodun Aderounmu, 27, pled guilty to the charges on November 4, 2024. The court also ordered Aderounmu to pay $536,782 in restitution to the victims.
Between approximately 2020 and 2022, Aderounmu engaged in multiple access device fraud schemes involving the theft and misuse of personal identifying information (PII) of victims across the United States. The schemes resulted in attempted losses of more than $650,000.
According to court documents, Aderounmu used the stolen information to submit hundreds of applications for Chase Bank business credit card accounts. If the application was successful, the physical credit card was mailed to Aderounmu’s apartment in Cary. Aderounmu then used the credit cards to make online and in-store purchases.
The investigation into the Chase Bank scheme resulted in a search warrant of Aderounmu’s apartment. During the search, officers recovered, among other things, more than 400 access devices, including debit cards for unemployment insurance (UI) benefits. Aderounmu was captured on surveillance footage withdrawing the UI benefits from the debit cards at ATMs in Raleigh, Cary, and other locations in the Eastern District of North Carolina.
The seized access devices also included multiple USAA debit cards in the names of victims. The investigation found that victim PII was used to open USAA accounts with addresses linked to Aderounmu. The fraudulent accounts, in turn, were funded with fraudulent check deposits, the proceeds of which were withdrawn from ATMs in Raleigh, Cary, and elsewhere.
Aderounmu is currently serving a 61-month prison sentence. He also faces paying $536,782 in restitution to his victims.
The case was investigated by the Federal Bureau of Investigation and the United States Postal Inspection Service. Assistant U.S. Attorney Adam F. Hulbig prosecuted the case for the government.
Related court documents and information can be found on the website of the U.S. District Court for the Eastern District of North Carolina or on PACER by searching for Case No. 5:24-CR-222-FL.
Key Facts
- State: North Carolina
- Category: White Collar Crime
- Source: DOJ Press Release â†â€â€
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