(LONDON) Old Bailey Court Report: A prolific money launderer who processed more than £6-million has bee n ordered to hand over nearly £215,000 on Mon.15: Dec: 2020: after a NCA investigation after he was arr ested in 2016 #AceNewsDesk report

#AceNewsReport – Dec.17: Kazeem Akinwale, 45, was handed a confiscation order totalling £214,492.38 at the Old Bailey on Monday 14 December: He was arrested in April 2016 after Christie’s auction house reported an attempted diversion fraud: In the month prior, Christie’s had informed the NCA that hackers had spoofed an employee’s email address, trying to divert the payment for a customer invoice into a new bank account: Christie’s realised what had happened, did not pay the money and reported the hack which initiated the investigation into Akinwale:

NCA Investgation Report: Prolific money laundering case dating back to April 2016 when Christie’s Auction House reported attempted diversion of funds & fraudsters laundered £6-million have been hit with confiscation order to hand over nearly £215,000

NCA officers established that access to the intended beneficiary account was being made from the internet address at Akinwale’s home address in Mangold Way, Erith, East London: During his trial, the Old Bailey heard that downloads of devices seized from Akinwale contained a “money launderer’s treasure trove”…………There was also evidence on these devices of Akinwale’s alias, Ola Gapiano – a prolific go-to money launderer for fraudsters all around the world: The devices contained numerous references to laundering fraudulent cash, and references to bank accounts belonging to worldwide victims and also those being used to receive and transfer the money:

Akinwale was convicted of fraud and money laundering after he was found to have processed £6,087,596.37 through beneficiary bank accounts: He was jailed for nine years in February 2019: At the confiscation hearing, the judge warned Ankinwale that he would serve a further four years in prison if he failed to pay the full sum within three months, and would still be liable for the money.

Jamie Horncastle, NCA lead officer, said: “Akinwale was a key player for criminals the world over who laundered a huge amount of money to enable them to profit from their illegal activity: “ This result shows that significant jail time is not the only consequence for money laundering; the NCA will go on to strip you of assets and cash: “ We use all the tools at our disposal to pursue serious and organised criminals and deny them their proceeds of crime.”

#AceNewsDesk report …………….Published: Dec.17: 2020:

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