A Nigerian nationwide recognized as Babatope Joseph Aderinoye, 30, was sentenced to federal prison for violations associated to a financial institution fraud and cash laundering conspiracy.
Babatope Aderinoye, was convicted in October of 2020, on fees of conspiracy to commit financial institution fraud, wire fraud and cash laundering, in addition to aggravated id theft and mail fraud. Aderinoye dedicated the crimes by acquiring faux passports utilizing different individuals’s identities. He then used these passports to arrange faux companies and financial institution accounts. Investigators linked him to not less than 13 completely different aliases, 12 faux companies and 40 fraudulent financial institution accounts.
He used numerous e-mail compromise scams and phone compromise scams to defraud the victims. His co-conspirators would pose as somebody acquainted and encourage their victims to wire funds to fraudulent financial institution accounts. Once the cash arrived in Aderinoye’s fraudulent accounts, he would withdraw the funds and switch them to a checking account he had arrange in Nigeria.
Fox4 News reported that between June 2018 and September 2019, Aderinoye stole greater than $6.7 million from his victims, included a person who misplaced his whole retirement financial savings, Community ISD in southeastern Collin County and the non-profit group Project 4031. In addition to his prison sentence, Aderinoye was ordered to pay almost $2 million in restitution