Five Arrested for Allegedly Laundering Nearly $1 Million from Business Email Compromise Fraud | USAO-WDTX

SAN ANTONIO – A federal grand jury indictment unsealed today charges five individuals for laundering nearly $1 million derived from a Business Email Compromise (BEC) scheme. FBI agents and local authorities arrested the defendants yesterday without incident.

The indictment charges the defendants with one count of conspiracy to commit money laundering:  47-year-old Olufemi Nathaniel Itiowe, aka Baloi Maputo Oldemiro and John Koffi of Brooklyn, New York; 43-year-old Stacey Allison Ault, aka Tammy Botha and Cindy Theron of Brooklyn, New York; 38-year-old Enso Anderson of Long Branch, New Jersey; 33-year-old Edward Chance Johnson of Yukon, Oklahoma; and 52-year-old Bona Wong of Las Vegas, Nevada. 

In a BEC scheme, scammers target businesses and individuals making wire transfer payments, especially those employees with access to company finances. The scammers trick the employees into wiring payments to bank accounts they believe belong to trusted…

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