Key Takeaways:
- Charles Uchenna Nwadavid pleaded responsible in Boston to mail fraud and cash laundering.
- He laundered funds from six U.S. victims utilizing cryptocurrency between 2016 and 2019.
- Transactions had been processed via LocalBitcoins, accessed remotely by Nwadavid abroad.
A Nigerian nationwide pleaded responsible in Boston federal court docket on June 25 to fees associated to laundering funds obtained via on-line romance fraud, in accordance with a press release from the U.S. Legal professional’s Workplace for the District of Massachusetts.
Charles Uchenna Nwadavid, 35, admitted to mail fraud and two counts of cash laundering. Prosecutors stated he managed cryptocurrency accounts used to maneuver sufferer funds and accessed them remotely from abroad. His sentencing is scheduled for September 23.
Nigerian nationwide pleads responsible to his involvement within the theft of greater than $2.5 million from six romance rip-off victims by transferring their cash to cryptocurrency accounts that he managed.
READ: https://t.co/NNMaEokPmD pic.twitter.com/ujDtcLZ46X— U.S. Legal professional Massachusetts (@DMAnews1) June 26, 2025
Romance Rip-off Cash Laundering Community Tied to Crypto
In line with court docket paperwork, the scheme ran from 2016 to 2019 and concerned six U.S. victims. The people had been recruited via social media and courting platforms and persuaded to ship cash below false pretenses, reminiscent of medical emergencies or authorized charges.
Authorities stated one Massachusetts sufferer unknowingly acquired funds from 5 others after which transferred the cash to Nwadavid through cryptocurrency.
The transactions had been processed via LocalBitcoins, an internet peer-to-peer platform. Nwadavid allegedly directed the transfers whereas overseas utilizing on-line entry credentials.
He was indicted in January 2024 and arrested in April 2025 upon arrival at Dallas-Fort Value Worldwide Airport from the UK.
Safety Firm Accused of Shifting $123M through Crypto
Australian authorities lately charged 4 individuals in reference to an alleged A$190 million (~US$123 million) laundering scheme involving cryptocurrency and a Gold Coast safety agency. The group moved illicit funds via courier companies and transformed them into crypto, mixing them with professional enterprise income.
The community used useless drops in a number of cities and air transport to maneuver money into Queensland. A few of the funds had been funneled via a automobile dealership and a gross sales promotion firm.
Authorities seized round A$21 million (~US$13 million) in belongings, together with 17 properties and a number of other automobiles, and carried out 14 search warrants in Brisbane and the Gold Coast.
Regulation enforcement companies are increasing cross-border coordination and blockchain surveillance to trace crypto-linked fraud. Peer-to-peer platforms and overseas exchanges typically restrict restoration, particularly when victims are used to maneuver funds unknowingly.
Authorities warn that enforcement instruments are nonetheless catching up. Whereas blockchain knowledge gives visibility, gaps in regulation and technical capability proceed to hinder well timed intervention.
Ceaselessly Requested Questions (FAQs)
How was the rip-off structured throughout a number of victims?
Victims had been recruited individually, however one was used to channel funds from others. This layering method helped obscure the supply and vacation spot of the cash.
What sentencing may Nwadavid face?
He faces as much as 20 years for every depend, in addition to fines, restitution, and deportation following any sentence.
Are romance scams more and more linked to crypto?
Sure. Regulation enforcement has noticed a rising pattern of utilizing cryptocurrency to launder proceeds from relationship-based fraud.
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