Georgia Resident Convicted for Laundering Over $2.7M Stolen in Internet Scams
Babajide Adesayo, a 41-year-old man from Douglasville, Georgia, was convicted by a federal jury on August 6, 2026, for laundering over $2.7 million stolen from elderly victims through romance and online fraud schemes . He was found guilty of 18 federal counts, including conspiracy and transactional money laundering. “Adesayo was a key member of a complex, transnational network that preyed upon elderly victims and siphoned their retirement savings overseas, mainly to China, Hong Kong, and Nigeria, to make recovery impossible,” said U.S. Attorney Theodore S. Hertzberg. “As a prolific money launderer, Adesayo facilitated the theft of nearly $3 million from victims and continued even after he was indicted, arrested, and released on bond. Now behind bars awaiting a significant sentence, this incorrigible swindler will face the full consequences of his actions.” “Adesayo helped steal millions from vulnerable victims, including elderly people who lost their hard-earned savings. He...