Texas Man Indicted in Western Pennsylvania on Money Laundering Charge
Tuesday, March 14, 2023
For Immediate Release
U.S. Attorney’s Office, Western District of Pennsylvania
PITTSBURGH, PA – A resident of Houston, Texas, has been indicted by a federal grand jury in Pittsburgh for money laundering, Acting United States Attorney Troy Rivetti announced today.
The one-count Indictment, returned on Feb. 28, 2023, and unsealed today, named Oluseyi Jeremiah Olagoke Adebayo, 48, as the sole defendant. The defendant was arrested today in Houston. The government will be seeking his detention pending trial.
According to the Indictment, from June 2022 through October 2022, Adebayo conspired to launder over $400,000 of fraudulent proceeds of a business email compromise scam that victimized a Pittsburgh-based company. Adebayo utilized aliases to register shell companies and open bank accounts for those shell companies. He then transferred portions of the fraudulent proceeds into those bank accounts to conceal their true nature, location, source, ownership, and control.
The law provides for a maximum total sentence of not more than 20 years in prison, a fine of not more than $500,000.00 or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant.
Assistant United States Attorney Mark V. Gurzo is prosecuting this case on behalf of the government.
The Federal Bureau of Investigation and Homeland Security Investigations conducted the investigation leading to the Indictment in this case.
An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.
Updated March 15, 2023U.S. Department of Justice Press Release
Categories: Anti-Money Laundering Department of Justice (DOJ) Updates Enforcement Actions Indictments and Arrests
Leave a Reply