Maryland man charged with money laundering offenses related to computer intrusions targeting New Jersey business | USAO-NJ
NEWARK, NJ – A Maryland man has been charged with money laundering related to illegal computer intrusions targeting a New Jersey-based benefits and payroll management company, U.S. Attorney Philip announced today. R. Sellinger.
Oladapo Sunday Ogunbiyi, 40, of Greenbelt, Maryland, is charged by indictment with one count of conspiracy to commit money laundering, two counts of money laundering and two counts of transaction in assets derived from criminal activities. Ogunbiyi appeared before U.S. Magistrate Judge Lois H. Goodman in federal court in Trenton.
According to documents filed in this case and statements made in court:
Ogunbiyi conspired with others to launder funds obtained through an illegal computer fraud scheme in which they gained unauthorized access to a 401k account held for the benefit of a New Jersey company individual. They then added a bank account belonging to another person to the victim’s 401k account without the victim’s knowledge or permission. This account was designated as the account to receive withdrawals from the victim’s 401k account. Subsequently, $246,390 was transferred to the bank account belonging to the account which had been added without the victim’s knowledge or consent.
Ogunbiyi and others ordered that the proceeds of the fraud be converted into cashier’s checks, which were given to Ogunbiyi. He then deposited the teller’s checks into bank accounts under his control and withdrew the funds in a series of ATM and teller withdrawals designed to disguise the source of the money, which he was using for personal expenses.
The counts of money laundering and conspiracy to launder money carry a maximum sentence of 20 years in prison and a fine of $500,000, or double the value of the property involved in the crime. the transaction, whichever is greater. Counts of engaging in transactions in property derived from criminal activity carry a maximum sentence of 10 years in prison and a fine of $250,000, or double the value of the property involved in the transaction, whichever is greater.
US Attorney Sellinger credited FBI special agents, including the FBI’s Cybercrimes Task Force, under Acting Special Agent in Charge Michael Messenger in Newark, with the investigation leading to the charges. .
The government is represented by Assistant U.S. Attorney Anthony P. Torntore of the U.S. Attorney’s Office Cybercrime Unit.
The charges and allegations contained in the indictment are only accusations and the accused is presumed innocent until proven guilty.