A federal jury in Georgia has convicted 41-year-old Babajide Adesayo of laundering more than $2.7 million stolen from victims of romance scams and other online fraud schemes.
Adesayo, of Douglasville, Georgia, was found guilty on August 6, 2026, following an eight-day trial. Prosecutors said the victims, many of them elderly, were deceived by fraudsters who posed as friends, business associates or romantic partners before persuading them to send money for fake emergencies, businesses or medical needs.
According to prosecutors, the stolen funds were transferred through business accounts before Adesayo allegedly moved much of the money to accounts in China, Hong Kong, Nigeria and other countries. Investigators said he used false descriptions, including purported vehicle purchases, to conceal some of the transactions.
Authorities also alleged that Adesayo continued laundering money after his June 2024 arrest while he was awaiting trial on bond. His bond was later revoked, and he has remained in federal custody since March 2, 2026.
Adesayo was convicted of two counts of conspiracy to commit money laundering and 16 counts of transactional money laundering. He faces significant prison time, with sentencing scheduled for November 20, 2026, before U.S. District Judge Mark H. Cohen.
The case was investigated by the FBI and Homeland Security Investigations, with assistance from several other law enforcement agencies.
