Date: 06-10-2024

Case Style:

United States of America v. Oluwafemi Osinowo

Case Number: 3:23-cr-00078

Judge: Shelly D. Dick

Court: The United States District Court for the Middle District of Louisiana (East Baton Rouge Parish)

Plaintiff's Attorney: The United States Attorney’s Office in Baton Rouge

Defendant's Attorney:

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Description:

Baton Rouge, Louisiana criminal defense lawyer represented the Defendant charged with Operating an Illegal Money Transmitting Business
Miami Man Sentenced to 41 Months in Federal Prison for Operating an Illegal Money Transmitting Business

From December 2016 to January 2019, Oluwafemi Osinowo operated an unlicensed money transmitting business. He confessed that the business conducted foreign currency exchange business without complying with required federal registration requirements. During the course of operating the business, money was transmitted from third parties from the Middle District of Louisiana and elsewhere to bank accounts located in Miami, Florida. Once the money was in the bank accounts in Miami, Florida, an individual acting as an agent of Osinowo’s business wired the money to a bank in Lagos, Nigeria. Those wire transfers included approximately 51 separate transmissions in the aggregate total of approximately $722,177 dollars.

This case was investigated by the Federal Bureau of Investigation and was prosecuted by Assistant United States Attorney Jeremy S. Johnson.

Outcome:

Defendant was found guilty and sentenced to 41 months in federal prison and three years of supervised release following his term of imprisonment.

Plaintiff's Experts:

Defendant's Experts:

Comments: