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Description: Austin, Texas criminal lawyer represented Defendant charged with money laundering.

Okanlawon Azeez Egerongbe, aka Tony Kunle, Alex Tohee, 37, of Round Rock, pleaded guilty to one count of conspiracy to commit money laundering. According to court records, Egerongbe knowingly laundered millions of dollars from victims that he obtained through various fraud schemes. The frauds included romance, business email compromise (BEC), unemployment insurance, and investment scams all designed to trick innocent victims through false pretenses. The amount of attempted and actual loss from the conspiracy was at least $3.5 million. To perpetuate the frauds, Egerongbe used fake passports to open multiple bank accounts in Austin. He would then structure withdrawals into smaller amounts to avoid a transaction reporting requirement. Many victims faced serious financial hardship from these schemes.

“My office will continue to pursue fraudsters and identity thieves who use the internet to prey on vulnerable victims online,” said U.S. Attorney Ashley C. Hoff. “That includes the money launderers who enable these transnational criminal networks by concealing and transferring their ill-gotten gains. The tragic suicide of one of the romance fraud victims in this case, who suffered the betrayal and the loss of so much hard-earned money, underscores the real-world impact of these online scams.”

“Let this sentence serve as a notice that Homeland Security Investigations (HSI) is committed to actively investigating individuals who prey on the vulnerable to perpetuate financial crimes,” said Acting Special Agent in Charge Craig Larrabee, HSI San Antonio. “These types of crimes have devastating effects on the victims and our financial institutions. HSI will continue to aggressively pursue cyber criminals and financial fraudsters to the full extent of the law and will fight to recover and legally return victim’s funds to their rightful owner.”

“The U.S. Postal Inspection Service (USPIS) has a long and proud history of protecting the U.S. Mail and investigating fraud schemes,” said Scott Fix, Inspector in Charge of the Houston Division of the USPIS. “Okanlawon Egerongbe devised multiple schemes to defraud innocent people and misused Postal Service products and the U.S. Mail to facilitate his crime. Postal Inspectors will continue to work with our law enforcement partners, including HSI Austin, to ensure anyone using the U.S. Mail for fraudulent financial gains are brought to justice.”

HSI and the USPIS investigated the case. Assistant U.S. Attorneys Keith M. Henneke and Michael C. Galdo prosecuted the case.

Outcome: Defendant was sentenced to 120 months in prison and to pay $633,520 in restitution for his role in a money laundering scheme.

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