US Court

20.09.2022 Featured US-Based Nigerian Car Dealer Pleads Guilty to Money Laundering

Published 20th Sep, 2022

By Tola Owoyele

Tochukwu Abel Edeh, a Nigerian previously residing in Jacksonville, Florida, United States of America, has pleaded guilty to one count of money laundering conspiracy and one count of conspiracy to conduct an unlicenced money transmitting business at a federal court in Boston, Massachusetts.

According to a statement on the website of the US Justice Department, 32-year-old Edeh, who managed used car dealerships and currency transfer services in Texas, Florida and Nigeria, conspired with a crime syndicate to launder and transmit proceeds of Ponzi-style investment fraud schemes in Nigeria.

READ ALSO: Man Based in Nigeria Defrauds New York of $30m

Edeh laundered the fraud proceeds through a network of co-conspirators in the United States. He was also said to have used his personal and business accounts both in the United States and Nigeria for the fraudulent transactions.

It was established that neither Edeh nor his co-conspirators held money transmitting licences in their respective states of residence in the US as required by the federal law.

READ ALSO: Nigerian Faces 10 years Behind Bars in the US for Fraud

The Nigerian and other accused on the matter were said to have committed the crime in 2015.

On the money laundering charge, Edeh faces 20 years in prison, three years of supervised release and a fine of $500,000 or twice the value of the total sum of laundered funds.

On the charge of conspiracy to conduct an unlicenced money transmitting business, Edeh faces a sentence of up to five years in prison, three years of supervised release and a fine of $250,000 or twice his gain or loss while funds were being laundered.

Published 20th Sep, 2022

By Tola Owoyele


Our Stories


What to Know About New CBN Directives on BVN, NIN


Masked Oyo DSS Officals Arrest Green Africa Staff for Refusing To Board Their Boss

ALERT: Ecotech Fuelless Ltd, a Fraudulent Vendor, Is Targeting Facebook Users

FACT-CHECK: Did FG Ban ‘Ghana Must Go’ Bags in All Airports?

SPOTLIGHT: Faith Bello, UI Graduate Who Combined Study With Tailoring and Still Made a First-Class Degree

Naira Marley

Naira Marley’s Credit Card Flagged for Fraudulent Transactions, EFCC Tells Court


After FIJ’s Story, ICPC Invites FRIN Staff Who Acquired Undervalued Gov’t Vehicles

NAF helicopter

JUST IN: NAF Helicopter Crashes in Port Harcourt

Building illegally sealed by EFCC

EXPOSED: After Chasing Owner Out, NDLEA Turns Lagos Building to Hideout for Shady Officials

Deaths in police custody

Innocent Nigerians Always ‘Act Strangely’ Before Dying in Police Detention. But Why?