By Adetokunbo FAKEYE
A Nigerian man, Yomi Jones Olaleye was on Aug. 13, 2024 arrested upon arriving at John F. Kennedy International Airport in New York City on charges that he, and others, conspired to fraudulently obtain at least $10 million in COVID-19 unemployment benefits.
Olayeye, a.k.a “Sabbie”, 40, of Lagos, Nigeria, as stated by the Department of Justice, Federal Bureau of Investigation, FBI, is charged with one count of wire fraud conspiracy, one count of wire fraud and one count of aggravated identity theft. He made an initial appearance in the Eastern District of New York on Aug. 14, 2024 and will appear in federal court in Boston tomorrow.
In the charging document, between March and July 2020, Olayeye and others defrauded three pandemic assistance programs administrated by the Massachusetts Department of Unemployment Assistance and other states’ unemployment insurance agencies: traditional unemployment insurance (UI), Pandemic Unemployment Assistance (PUA) and Federal Pandemic Unemployment Compensation (FPUC).
Specifically, Olayeye and his co-conspirators allegedly used personally identifiable information (PII) they purchased over criminal internet forums to apply for UI, PUA and FPUC, falsely representing themselves to be eligible state residents affected by the COVID-19 pandemic.
Olayeye and his co-conspirators allegedly used the same fraudulently obtained PII to open U.S. bank and prepaid debit card accounts to receive the assistance payments.
It is also alleged that Olayeye and his co-conspirators recruited U.S.-based account holders to receive and transfer the fraud proceeds via cash transfer applications. Olayeye and his co-conspirators then allegedly used the fraudulent proceeds to purchase Bitcoin via online marketplaces.
It is further alleged that Olayeye and his co-conspirators concealed the conspiracy’s connection to Nigeria by leasing Internet Protocol addresses assigned to computers located in the United States for use in the fraudulent transactions.
In total, Olayeye and his co-conspirators allegedly applied for at least $10 million in fraudulent UI, PUA and FPUC from Massachusetts, Hawaii, Indiana, Michigan, Pennsylvania, Montana, Maine, Ohio and Washington and received more than $1.5 million in assistance to which they were not entitled.
The charges of wire fraud and wire fraud conspiracy provide for a sentence of up to 20 years in prison, three years of supervised release, a fine of $250,000 or twice the gross gain or loss, forfeiture and restitution.
The charge of aggravated identity theft calls for a mandatory minimum sentence of two years in prison to be added to any sentence imposed on the wire fraud charge.
