Money laundering: US-based Nigerian jailed seven years

Nigerian man Adedayo Fateru has been sentenced to seven years in prison for his role in a money laundering scheme that netted about $1.7 million through various fraud operations in the United States. Fateru was convicted alongside Lisa Farrow, William Atwater, and Victoria Stone for their involvement in wire 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.

Each of the three co-defendants received significantly shorter sentences, with Farrow receiving 45 months, Atwater 33 months, and Stone 25 months. Upon completion of his sentence, Fateru will be transferred to Immigration and Customs Enforcement for removal proceedings under US immigration law.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.