A 41-year-old Nigerian national residing in Douglasville, Georgia, Babajide Adesayo, faces severe federal prison time following his conviction by a U.S. federal jury for laundering more than $2.7 million obtained from elderly victims through romance fraud and online scams.
The United States Department of Justice confirmed in an official statement that Adesayo was found guilty on August 6, 2026, after an eight-day trial.
He was convicted on two counts of conspiracy to commit money laundering and 16 counts of transactional money laundering.
Court evidence revealed that between April 2020 and September 2021, an international network of fraudsters targeted vulnerable individuals online by posing as romantic partners, friends, or business associates.
Victims were persuaded to transfer substantial sums—often including retirement savings—under false pretenses such as medical emergencies, legal fees, or business equipment costs.
The funds were initially funneled into accounts owned by co-defendant Efemena Igbe, who disguised transfers to Adesayo under the guise of vehicle purchases for Adesayo's automotive business.
Adesayo subsequently wired the proceeds to foreign bank accounts in China, Hong Kong, and Nigeria over a 17-month period.
Federal prosecutors noted that after his initial arrest in June 2024, Adesayo continued participating in money laundering schemes while released on bond.
Following the discovery of these ongoing illicit activities, his bond was officially revoked, and he has remained in federal custody since March 2, 2026. U.S. District Judge Mark H.
Cohen has scheduled sentencing for November 20, 2026, where Adesayo faces up to 20 years per conspiracy count, up to 10 years per money laundering count, and additional consecutive penalties for committing offenses while on pre-trial release.
"Adesayo was a key member of a complex, transnational network that preyed upon elderly victims and siphoned their retirement savings overseas." — U.S. Attorney Theodore S. Hertzberg
#BabajideAdesayo #USDoJ #MoneyLaundering #RomanceScam #CrimeNews #LawAndJustice
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