He was unemployed and receiving welfare, but Adekunle Adetiloye was somehow living lavishly, complete with a Range Rover, extended trips to England and an expensive condominium.
That alone piqued authorities’ interest, but then there were two credit cards tucked away in his wallet that seemed to confirm suspicions that Adetiloye, a Nigerian-born Canadian citizen, was up to something nefarious. The cards each bore different names — Donald Douglas and Vincent Andriole — and helped authorities prosecute a case they describe as one of the largest high-tech bank robberies in U.S. history.
“Characterizing this fraud scheme as massive, if anything, is an understatement,” Assistant U.S. Attorney Nick Chase of North Dakota said in court documents.
Adetiloye, 30, was sentenced Monday to nearly 18 years in prison on fraud charges. He was convicted of mail fraud, but authorities believe he masterminded a scheme to open nearly 600 fraudulent bank accounts and bilk 22 major banks out of hundreds of thousands of dollars.
Federal prosecutor Nick Chase said during the sentencing hearing in North Dakota that Adetiloye had an “insatiable hunger for other people’s money.”
Tags: Bank Fraud, Canada, Credit Card Fraud, Identity Fraud, Identity Theft, Prison
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