DOUGLASVILLE, Ga. — A metro Atlanta man has been convicted of stealing more than $2.7 million from elderly victims.
Babajide Adesayo, 41 of Douglasville, was convicted in federal court on two counts of conspiracy to commit money laundering and 16 counts of transactional money laundering.
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Prosecutors say that between April 2020 and September 2021, Adesayo targeted elderly victims online, striking up friendships, supposed business relationships and romantic relationships.
Once he established a relationship, he told them he needed money for equipment, illnesses, injuries or to get out of prison.
He would then direct them to send hundreds of thousands of dollars, in some cases their whole retirement accounts, to his co-defendant who would then send the money to Adesayo, pretending it was for automotive purchases.
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They say Adesayo would send the money immediately to overseas accounts in China, Hong Kong, Nigeria and more to hide it.
He was initially arrested and released in June 2024, but prosecutors say he continued laundering money. He has been in custody since March 2026.
He is scheduled for sentencing in November and faces a maximum of 20 years for each conspiracy count and a maximum of 10 years on each of the transactional money laundering accounts.
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