Two Nigerians Face Century in Prison Over $100m US Tax Fraud Scheme
The United States Department of Justice has unsealed indictments against two Nigerian men, Akinade Raheem (43) and Abayomi Eletu (42), for their alleged involvement in a massive $100 million tax fraud syndicate.
If convicted on all counts, both men could face up to 50 years each in federal prison.
According to federal prosecutors, the duo conspired between 2018 and 2023 to file over 300 fraudulent tax returns by stealing the identities of accountants and taxpayers.
They allegedly generated online IRS accounts to request private information, redirected IRS correspondence to addresses they controlled, and funneled refunds into prepaid debit cards.
The investigation revealed a sophisticated money-laundering operation where the stolen funds were used to:
Purchase money orders in small amounts to evade detection.
Buy used cars from auction sites for shipment to Nigeria.
Acquire high-end designer clothing and luxury items.
While Raheem was a resident of the US, Eletu was recently arrested in the United Kingdom at the request of American authorities.
The charges include conspiracy to commit mail and wire fraud, money laundering, and aggravated identity theft.
#TaxFraud #IRS #CyberCrime #MoneyLaundering #NigeriaNews #DOJ #IdentityTheft #CrimeAlert
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