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Case Number: 1:21-cr-00159
Judge: Edgardo Ramos
Court: United States District Court for the Southern District of New York (Manhattan County)
Plaintiff's Attorney: United States Attorney’s Office in New York City
Description: New York City, New York criminal defense lawyer represented Defendant charged with operating a money laundering scheme that laundered nearly $8 million of wire fraud proceeds.
From at least in or about 2017 through at least in or about 2020, Abraham Adeniy opened and directed others to open multiple bank accounts, which received proceeds of various wire fraud schemes. ADENIYI provided his accomplices with fraudulent identification information to open those bank accounts. Upon arrival of the fraudulent proceeds, ADENIYI transferred and directed others to transfer those proceeds rapidly among the various bank accounts controlled by participants in the scheme in order to conceal and disguise the source, location, ownership, and control of the funds. Ultimately, after moving through multiple bank accounts, the funds were withdrawn as cash, transmitted overseas, or used for ADENIYI’s personal expenses. This rapid transfer of funds prevented the banks and the victims from recovering the funds once the underlying frauds were detected. During the course of the scheme, ADENIYI laundered at least nearly $8 million dollars of fraud proceeds.
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Mr. Williams praised the outstanding investigative work of the Federal Bureau of Investigation.
This case is being handled by the Office’s Money Laundering and Transnational Criminal Enterprises Unit. Assistant U.S. Attorney Anden Chow is in charge of the prosecution.
Outcome: Defendant was sentenced to 36 months in prison. In addition to his prison term, ADENIYI, 40, of Atlanta, Georgia, was ordered to forfeit and pay restitution in the amount of $7,814,294.56.