A Silver Spring man has been sentenced to prison for his role in a large-scale money laundering scheme tied to nearly $3 million in fraud.
U.S. District Judge Matthew J. Maddox sentenced 31-year-old Gedeon “Papa Kwam” Agbeyome to six years in prison, followed by one year of supervised release, for conspiracy to commit money laundering and aggravated identity theft. He was also ordered to pay $2,938,424.65 in restitution and faces a $2.8 million forfeiture.
According to federal authorities, Agbeyome played a key role in laundering proceeds from a business email compromise scheme that defrauded victims out of millions of dollars. Investigators say he received at least $2.8 million through bank accounts he opened and controlled using shell companies and stolen identities, keeping a portion of the funds for himself…