Categories: Global

US Court Charges Three Nigerians in Million Dollar Fraud Scheme

A US federal grand jury has indicted three Nigerians on charges related to a bank fraud scheme in which the trio attempted to obtain more than $3.5 million by defrauding businesses and banks.

According to the indictment, the defendants are 31-year-old Damilola Lawal, 39-year-old Idowu Ademola Raji and 30-year-old Akolade Ojo.

They were charged with federal wire fraud conspiracy, wire fraud, passport fraud, and aggravated identity theft in a 12-count indictment that was returned on October 26 and unsealed on November 4 during their initial court appearances.

Federal authorities said the trio conspired with four others to defraud businesses and financial institutions by allegedly using false, forged and counterfeited passports and other identification documents to create limited liability companies and open fraudulent bank accounts using stolen identities.

The indictment alleges the defendants then used a messaging app to communicate about financial transactions directing members regarding the deposit, withdrawal, transfer, and conversion of fraudulently obtained funds.

If convicted, they face a maximum sentence of 30 years in federal prison in the US for the wire fraud conspiracy and for each count of wire fraud.

Lawal also faces a maximum sentence of 10 years in federal prison for passport fraud; and Raji faces a mandatory sentence of two years in prison, consecutive to any other sentence imposed for aggravated identity theft.

Follow us on:

AriseNews

Recent Posts

Federal Government Reinstates Ikechebelu as Acting Vice-Chancellor of UNIZIK

The federal government has reinstated Professor Joseph Ikechebelu as acting Vice-Chancellor of UNIZIK, nullifying Professor…

2 hours ago

Court Of Appeal Nullifies Judgment Blocking Voter Register Release For Rivers LG Polls

Court of Appeal has overturned the Federal High Court ruling barring INEC from releasing voter…

2 hours ago

Kenya Cancels Adani Contracts as US Prosecutors Charge Tycoon with Fraud

Kenya has cancelled airport and energy deals with Adani following US bribery and fraud charges…

2 hours ago

Brazil’s Former President Bolsonaro, 36 Others Indicted Over Alleged Coup Attempt In Brazil

Brazil’s former president Bolsonaro and 36 others have been indicted for allegedly attempting a coup…

2 hours ago

Republican David McCormick Triumphs As Democrat Sen. Bob Casey Concedes After Recount

Republican David McCormick won Pennsylvania Senate seat as Democratic Sen. Bob Casey concedes after recount…

2 hours ago

Trudeau Announces Temporary Tax Relief and Cheques Amid Rising Living Costs

Trudeau's government has announced plans for temporary tax relief, cheques for Canadians amid rising costs…

2 hours ago