Unreported Transactions Worth $2,950,000 Spotted in Alleged Romance and Money Laundering Conspiracy at JPMorgan Chase, Wells Fargo, Bank of America, and BBVA: Document Leak
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In the realm of cryptocurrency news, a Phoenix resident named Kingsley Ibhadore found himself in handcuffs after being indicted for a major money laundering scam. This con artist, with roots in Nigeria, managed to steal almost $3 million from numerous unsuspecting women by exploiting a romance scheme.
According to official reports, these victims, fooled by Ibhadore's online charm, willingly sent checks ranging from $30,000 to a staggering $100,000. Ibhadore, in turn, employed a tactic that dodge federal reporting limits by withdrawing funds in smaller increments, thus evading detection.
Investigations by the U.S. Secret Service eventually revealed Ibhadore's elaborate scheme. He had opened no less than 24 bank accounts across Bank of America, JPMorgan Chase, Wells Fargo, and BBVA Compass under numerous fictional identities using fake passports. Sources disclosed some of the aliases he used, such as "Barry Bhoye," "Celestin Cheick," "Simone Diakite," and "Celestin Emmanuel."
Ultimately, Ibhadore was sentenced to 17 months behind bars and three years of supervised release. The evidence gathered throughout the investigation highlights the severity of his actions and the significance of holding individuals accountable for exploiting others in such a cunning and calculated manner[1][2][3].
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Sources:
[1] "Romance scammer facing prison time for stealing millions of dollars from Phoenix victims" - FOX 10 Phoenix, May 10, 2025
[2] "Bank fraudster sentenced to 17 months in prison and three years of supervised release" - unnamed publication, May 10, 2025
[3] "Nigerian resident sentences to 17 months prison term for $3 million bank fraud" - African Sentry, May 10, 2025
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