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06/26/2024
Leader Of Money Laundering And Bank Fraud Ring Sentenced To Seven Years In Prison
United States Attorney's Office Southern District of New York
Damian Williams, the United States Attorney for the Southern District of New York, announced that ADEDAYO JOHN was sentenced today by U.S. District Judge Loretta A. Preska to seven years in prison for his role as a leader of a money laundering and bank fraud ring that laundered millions of dollars in proceeds derived from business email compromises and romance fraud schemes impacting more than 50 victims. JOHN previously pled guilty to one count of conspiracy to commit money laundering and one count of conspiracy to commit bank fraud on January 4, 2024. In total, 11 defendants have pled guilty for their roles in the money laundering and bank fraud schemes.
U.S. Attorney Damian Williams said: “The defendants in this case have acknowledged their roles as part of a criminal enterprise that not only defrauded businesses by assuming the online identities of legitimate entities, but also preyed on elderly people, deceiving victims into sending money in phony romance scams. As a leader of the scheme, Adedayo John played a particularly important role in the enterprise and victimization of individuals and companies across the country. Today’s sentence ensures that he will be held accountable for his actions.”
According to the Indictment and other court documents:
JOHN, OLUWADAMILOLA AKINPELU, KAZEEM RAHEEM, MORAKINYO GBEYIDE, WARRIS ADENUGA, a/k/a “Blue,” SMART AGUNBIADE, LATEEF GOLOBA, SAMSONDEEN GOLOBA, OLAWOYIN PETER OLAREWAJU, EMMANUEL ORONSAYE-AJAYI, and ARAMIWALE SHITTU (collectively, the “defendants”) participated in either a money laundering conspiracy, a bank fraud conspiracy, or both, which received funds stolen from victims.
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