Nearly $1M Laundered For Bergen County Business Scam By Georgia Man, Prosecutor Says

By Cecilia Levine From Daily Voice

A Georgia man is accused of laundering nearly $1 million stolen from a Bergen County business, authorities said in a press release issued Monday, Nov. 17.

Olanrewaju B. Adeosun, 39, of Dunwoody, GA, was arrested after a 15-month investigation that began when Palisades Park police reported a $982,148.28 fraudulent wire transfer in July 2024, Bergen County Prosecutor Mark Musella said.

Detectives with the Financial Crimes Unit said the stolen funds were moved across multiple financial accounts and into multiple cryptocurrency exchanges, according to Musella.

Officials said Adeosun used a fake cryptocurrency account to distribute the stolen proceeds as digital assets and transfer them to various financial accounts in his control, and then withdrew the money for his personal benefit.

Adeosun was charged with first-degree money laundering and remains in custody in New York, the prosecutor said.