ALBANY, N.Y. (NEWS10)– An accused ringleader for a nationwide fraud conspiracy was found guilty in a jury trial Thursday. According to the U.S. Attorney’s Office, Oluwaseun Adekoya, of New Jersey was convicted of multiple charges including identity theft, bank fraud and money laundering.
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Adeyoka was arraigned in connection to the nationwide conspiracy targeting credit unions in March 2024. The indictment alleged Adeyoka alongside 13 others created fake identifications in the names of real credit union customers and opened bank accounts, leading to nearly $3 million in intended losses and more than $1.5 million in actual losses.
According to the U.S. Attorney’s Office, the investigation, however, began in May 2022 and throughout the years unveiled he was the leader and hired 13 people to commit various crimes for him.
At trial, government officials showed he used encrypted messaging platforms to obtain Social Security numbers, account numbers, maiden names and other personal identifying information for people. He then recruited people all over the country to impersonate customers and conduct withdrawal transactions on the accounts…