Tokunbo (Used cars) from United States provided a cover trade for laundering over $6 million by an 11 man Nigerian gang. Members of the Nigerian criminal gang have been arraigned in the United States for their alleged roles in a conspiracy to commit bank fraud in Southern New Jersey and Southeastern Pennsylvania. The gang members launder their money for profit by buy used cars from U.S market and exporting them to be sold for profit in Nigeria.
The fraudsters who were arraigned on multiple counts such as fraud, forgery, are:
Sulaiman Dosunmu, 39; Tunde Adeowo, 40; Muritala Adeowo, 55; Ayanniyi Alayande, 47; Ahmmed Ponle, 41; Margiettu Kamu, 34; Rafiat Sarumi, 36; Babatunde Oke, 40; Adekunle Owolabi, 49; Olayinka Olaseinde, 42; and Olugbenga Oyedele, 47.
A statement by the US Attorney’s Office, District of New Jersey, Craig Carpenito, alleged that the accused persons perpetrated the fraud over a course of four years (June 2016 and March 2020).
The suspects are said to have swindled the unsuspecting victims of their hard-earned money through accounts domiciled in American banks including Wells Fargo.
The filed charges reads in part: “The defendants are allegedly members of a Nigeria-based, multi-layered organization that engaged in a massive bank fraud conspiracy in several states, including New Jersey, Pennsylvania, Maryland and Rhode Island, between June 2016 and March 2020.
“Members of the group stole numerous business checks from the United States mail, altered the payee on the checks to a fraudulent name and deposited the checks in bank accounts that had been opened with forged foreign passport documents and fraudulent US visas that matched the names on the stolen checks.
“Members of the organization have used over 400 fraudulent accounts with fake identity documents to defraud the banks.
“The organization also laundered the proceeds of the fraud by several means, including using debit cards to purchase money orders from third-party stores and using those money orders to purchase used automobiles from different automobile auction companies in Pennsylvania.
“The vehicles were then exported to Nigeria and other countries in Africa to launder the stolen funds and to increase profits by selling the vehicles at the higher market values obtained for vehicles in these foreign countries.”