A 34-year-old Nigerian man living in Austin was sentenced to more than 11 years in prison for his role in money laundering schemes, federal officials announced.
Reports stated that one of Kingsley Otuya’s victims who was emotionally devastated after losing a huge amount of money killed herself.
The U.S. Attorney’s Office for the Western District of Texas, John F.Bash said, “this case brutally illustrates how fraud schemes hurt victims not only financially but also emotionally. We will remain steadfast in our efforts to protect Americans from transnational criminal conspiracies.”
After series of investigations, it was noted that Otuya who reportedly got $1M In Austin Romance Schemes used fake passports to open different bank accounts under false names in Austin and often withdrew $10,000 or less to avoid bank reporting requirements.
Kingsley who pleaded guilty to one count of conspiracy to commit money laundering in April 2018 has been ordered to pay more than $966,000 and be placed under supervised release for three years after his jail terms.