Nigerian man sentenced to 87 months in US for money laundering
Adedayo Fateru, a Nigerian man, has been sentenced to 87 months in prison in the United States for his involvement in a money laundering operation totaling approximately $1.7 million. The proceeds originated from various fraud schemes, including business email compromises, modified cheque schemes, fraudulent Automated Clearing House transactions, and false applications for COVID-19 economic injury disaster loans and unemployment benefits. Fateru worked with Lisa Farrow, William Atwater, and Victoria Stone in the operation. Following his prison term, Fateru will undergo three years of supervised release. The United States Attorney鈥檚 Office stated that Fateru will be transferred to Immigration and Customs Enforcement for removal proceedings after completing his sentence. Other co-conspirators also received sentences: Lisa Farrow was sentenced to 45 months, William Atwater to 33 months, and Victoria Stone to 25 months. Stone reportedly opened 10 bank accounts to receive about $1.04 million in fraud proceeds, while Atwater received about $704,320 in fraud proceeds through several bank accounts.
