Albany, NY (WRGB) — Oluwaseun Adekoya, also known by several aliases including “Ace G.” and “Legendary,” was convicted by a jury for orchestrating a nationwide bank fraud and money laundering conspiracy. The 39-year-old from Cliffside Park, New Jersey, was found guilty of bank fraud conspiracy, money laundering conspiracy, and nine counts of aggravated identity theft.
The trial, which lasted two and a half weeks, revealed that Adekoya used publicly available information to target individuals with substantial home equity lines of credit (HELOCs) at credit unions across the United States. He employed encrypted messaging platforms to obtain personal identifying information and recruited managers nationwide to impersonate HELOC customers and conduct fraudulent transactions.
Adekoya’s operation was uncovered in May 2022 when Broadview Federal Credit Union identified suspicious transactions and referred the case to the FBI. The investigation led to the prosecution of Adekoya and 13 additional co-conspirators, all of whom have pled guilty…