Maryland man sentenced for money laundering

Adanegbe Osemwenkhae, 41, from Upper Marlboro was sentenced to 8 years in federal prison and ordered to pay $20.85 million in restitution for managing a major money laundering scheme.

Scheme targeted 15 victims over four years

From 2020 to 2024, Osemwenkhae and conspirators laundered over $20 million stolen from about 15 victims including a county government, school district, college, and medical center.

Used encrypted accounts to manage conspiracy

Osemwenkhae controlled multiple encrypted communication accounts to supervise and manage the money laundering operation across the network of conspirators.

“used and controlled several different encrypted electronic communication accounts to supervise and manage the money laundering conspiracy”

Created shell companies to hide stolen funds

Osemwenkhae directed conspirators to create limited liability companies as shell entities, open bank accounts in their names, and receive fraudulent proceeds through them.

Coordinated fund distribution among conspirators

Osemwenkhae helped coordinate how fraudulent proceeds flowed through various bank accounts and determined how to split funds among those involved in the conspiracy.

14 people charged in two related cases

Osemwenkhae is one of 14 people charged across two cases. Others include Lakeisha Parker, Kevin Colon, Victor Killen, and others from the Baltimore area who have received federal prison sentences and owe millions in restitution.