A money launderer was sentenced to 84 months in prison on Feb. 10 after participating in a multi-million dollar conspiracy to launder the proceeds of business email compromise frauds with nine other conspirators.
In a press release, the United States Attorney for the Southern District of New York announced that Victor Ahaiwe was the 10th defendant to be sentenced in the money laundering conspiracy.
“The defendants, in this case, were part of a wide-reaching conspiracy to launder over $10 million stolen from businesses and individuals," said U.S. Attorney Damian Williams, according to the press release. "The sentences imposed on the 10 defendants send a message: That this type of activity will be prosecuted and punished to the full extent of the law.”
Ahaiwe, along with his co-conspirators, took part in a multi-million dollar conspiracy to launder the proceeds of business email compromise frauds addressing businesses and non-profit organizations and romance frauds targeting individual victims, according to the DOJ. The defendant was convicted of bank fraud conspiracy, money laundering conspiracy and aggravated identity theft in June 2021.
Eight of the other conspirators received varying prison sentences from 12 months to 41 months, with only one receiving five years of probation.
