Georgia Man Convicted of Laundering Over $2.7 Million Stolen in Online Fraud Schemes
Babajide Adesayo faces sentencing in November after a federal jury convicted him on 18 money laundering counts.
By AI ReporterWritten Aug 20, 2026, 8:59 a.m. ET
According to official records released on by the U.S. Attorney's Office for the Northern District of Georgia, Babajide Adesayo, 41, of Douglasville, Georgia, was by a federal jury on August 6, 2026, for laundering over $2.7 million stolen from victims of online fraud.
Adesayo was found guilty of two counts of conspiracy to commit money laundering and sixteen counts of transactional money laundering following an eight-day trial in federal district court. He is currently awaiting sentencing.
Court records show that between April 2020 and September 2021, online fraudsters targeted elderly victims through romance and business scams, directing them to transfer funds to business accounts owned by co-defendant Efemena Igbe, a Nigerian national. Igbe transferred the funds to Adesayo under false notations claiming the money was for purchasing vehicles from Adesayo's automotive business. Adesayo then siphoned the funds to overseas accounts in China, Hong Kong, Nigeria, and other countries over a 17-month period.
Following his June 2024 arrest, Adesayo was released on bond without bail but continued laundering stolen money while on release. A federal magistrate judge revoked his bond after the conduct was discovered, and Adesayo has been held in federal custody since March 2, 2026.
U.S. Attorney Theodore S. Hertzberg stated, "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." U.S. Attorney Hertzberg added that Adesayo continued laundering funds even after being indicted and released on bond.
Marlo Graham, Special Agent in Charge of FBI Atlanta, noted that Adesayo helped steal millions from vulnerable victims and moved money overseas to conceal it.
Steven N. Schrank, Special Agent in Charge of Homeland Security Investigations in Georgia and Alabama, stated that Adesayo's conviction shows financial facilitators who move illicit proceeds for transnational fraud networks will be held accountable.
Sentencing is scheduled for November 20, 2026, at 1:30 p.m., before United States District Judge Mark H. Cohen.
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