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Used car dealer sentenced for money laundering

Department of Justice

U.S. Attorney’s Office

District of Massachusetts


FOR IMMEDIATE RELEASE

Friday, August 5, 2022

Milton Man Sentenced for Money Laundering

Owner of used car dealership laundered fraud proceeds through his business

BOSTON – The owner of a used car dealership in Fall River has been sentenced for money laundering.

Augustine Osemwegie, 53, of Milton, was sentenced on Aug. 3, 2022 by U.S. Senior District Court Judge Rya W. Zobel to six months of home confinement and two years of supervised release. Osemwegie was also ordered to pay a fine of $5,500 and forfeiture. On April 21, 2022, Osemwegie pleaded guilty to one count of money laundering.

Osemwegie used his car dealership, vehicle auctions and international car shipping to launder and transmit the proceeds of romance scams, pandemic unemployment fraud and other fraudulent schemes. Specifically, Osemwegie accepted fraud proceeds in cash from “customers,” took a percentage fee for laundering the funds and then used the remaining funds to purchase used vehicles at auto auctions, purportedly for the use of his customers. Osemwegie then shipped those vehicles abroad, principally to Nigeria, where they were sold for the benefit of Osemwegie’s customers.

In September 2020, during recorded calls and meetings with an undercover agent, Osemwegie agreed to accept fraud proceeds from the undercover agent and transfer them abroad, under the guise of purchasing a used luxury sedan. 

United States Attorney Rachael S. Rollins and Joseph R. Bonavolonta, Special Agent in Charge of the Federal Bureau of Investigation, Boston Division made the announcement today. Assistant U.S. Attorney Ian Stearns of Rollins’ Securities, Financial & Cyber Fraud Unit prosecuted the case.

Link:

DOJ Press Release

Categories: Anti-Money Laundering Department of Justice (DOJ) Updates Enforcement Actions Pleas and Verdicts

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