Hum Posted January 23, 2012 Share Posted January 23, 2012 FARGO, N.D. (AP) ? He was unemployed and receiving welfare, but Adekunle Adetiloye was somehow still living lavishly, complete with a Range Rover vehicle, extended trips to England and an expensive condominium. That alone piqued authorities' interest, but then there were two credit cards tucked away in his wallet that seemed to confirm suspicions that the Canadian man was up to something nefarious. The pieces of plastic each bore different names ? Donald Douglas and Vincent Andriole ? and helped authorities prosecute a case they describe as one of the largest high-tech bank robberies in U.S. history. Adetiloye was sentenced Monday to nearly 18 years in prison on fraud charges. During the hearing in North Dakota, Assistant U.S. Attorney Nick Chase said the 40-year-old had an "insatiable hunger for other people's money." Authorities believe Adetiloye masterminded a scheme to open nearly 600 fraudulent bank accounts and bilk 22 major banks out of hundreds of thousands of dollars. U.S. District Judge Ralph Erickson handed down a 214-month prison term and scheduled a Feb. 15 hearing to discuss returning nearly $1.5 million in losses to credit card companies and banks. The judge has said losses may have been as much as $5 million. "Characterizing this fraud scheme as massive, if anything, is an understatement," Chase said in court documents. Defense attorney Richard Henderson had asked for a sentence of fewer than 16 years. Henderson said any prison time for his client, a native of Nigeria, :s is more difficult than it would be for American citizens because he has no family in the United States. No decision has been made about whether he plans to appeal, said Neil Fulton, lead federal public defender for North Dakota and South Dakota. "The sentence imposed today should send a strong message to those who would seek to scam the citizens and businesses of North Dakota and the United States," U.S. Attorney Timothy Purdon said in a statement released Monday. "We take the growing problem of foreign financial fraud seriously here and seeking justice for the victims of such crimes is a priority for our office." Attorneys from both sides declined to detail the case ahead of sentencing, but investigators' efforts to deconstruct the multifarious case are laid out in the nearly 12,000 pages of court documents filed by lawyers in federal court. Greg Krier, lead credit card fraud investigator for U.S. Bank, testified that it was the most complex case he had ever seen. His company, which has its own fraud unit, launched special training sessions focusing on the case in hopes of catching the culprits. The case wound up in North Dakota after U.S. Bank's customer service center in Fargo intercepted calls by Adetiloye and others. The complexity of the scheme, which took five years to investigate and litigate, was highlighted in a sentencing phase that has lasted nearly a year and included numerous hearings and briefings. more Link to comment Share on other sites More sharing options...
still1 Posted January 23, 2012 Share Posted January 23, 2012 "Henderson said any prison time for his client, a native of Nigeria," well that explains it. Link to comment Share on other sites More sharing options...
JJ_ Posted January 23, 2012 Share Posted January 23, 2012 "Henderson said any prison time for his client, a native of Nigeria," well that explains it. I wonder if the court established this guy had ties with George Agdgdgwngo Link to comment Share on other sites More sharing options...
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