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29 March 2024

$50m conspiracy with US bank employees; 2 jailed

Published
By AP

A US judge has sentenced two men to decades in prison for their roles in a $50 million bank fraud conspiracy that spanned six states and involved bank employees stealing customers' identities.

US District Judge Michael Davis on Monday sentenced the alleged ringleader, 44-year-old Julian Okeayaninneh, of California, to 27 years in prison.

Earlier, Davis sentenced 36-year-old Olugbenga Temidago Adeniran, of New York, to 22 years.

A federal jury convicted Okeayaninneh and Adeniran in February on multiple counts, including bank fraud conspiracy and aggravated identity theft.

Prosecutors said the scheme involved employees of some of America's largest banks with victims in Minnesota, California, Massachusetts, Arizona, New York and Texas.

So far, 27 people have pleaded guilty or been convicted in the scheme.