Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 104329
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
64.49%
Bitcoin Share
The Daily Hodl 2025-06-29 18:45:05

‘Mastermind of a Complex Web of Deception’ – Ringleader Ran Nationwide Bank Fraud and Money Laundering Operation That Stole $2,000,000: DOJ

‘Mastermind of a Complex Web of Deception’ – Ringleader Ran Nationwide Bank Fraud and Money Laundering Operation That Stole $2,000,000: DOJ

The Federal Bureau of Investigation (FBI) says an “elusive” Nigerian man has been convicted of running a nationwide banking and money laundering scheme that hauled in more than $2 million. According to a new press release by the Department of Justice (DOJ), 39-year-old Oluwaseun Adekoya, who resides in New Jersey, has been convicted of bank fraud conspiracy, money laundering conspiracy and nine counts of aggravated identity theft for masterminding the plot. Authorities say that Adekoya obtained public information regarding people’s home equity lines of credit (HELOC), identified those who had substantial amounts and then used encrypted messaging apps to find out private identifying information about his victims. Adekoya subsequently recruited “a vast web of managers” around the nation, shared the information with them and supplied them with fake identification cards so they could impersonate HELOC customers at banks and credit unions to withdraw funds from victims’ accounts. To avoid detection, Adekoya utilized a network of burner phones and used encrypted chat applications to pass key information. He also laundered funds through bank accounts under other people’s names. According to the press release, Adekoya has an extensive criminal rap sheet and has been convicted of fraud-related crimes numerous times since 2008. Authorities say they had been investigating Adekoya since May 2022. He and 13 others were indicted in December 2023, and all have since pleaded guilty. Federal agents seized Rolex watches, a $51,000 Tiffany engagement ring, designer handbags and shoes, as well as a bank account containing $26,000 from Adekoya. Adekoya’s sentencing is scheduled on October 30th, and he is facing a minimum of two years and a maximum of 32 years behind bars. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post ‘Mastermind of a Complex Web of Deception’ – Ringleader Ran Nationwide Bank Fraud and Money Laundering Operation That Stole $2,000,000: DOJ appeared first on The Daily Hodl .

Most Read News

Moralis Money
Market Cap
24h Vol
64.49%
Bitcoin Share
636
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.