Two Essex County, N.J., men pleaded guilty today for their respective roles in a scam that used phony identification documents to set up various checking accounts to launder and steal more than $1 million.
From February 2009 to August 2010, both defendants participated in a scheme to enrich themselves by opening business checking accounts at various banks and using these accounts to receive funds. The funds were, without authorization, wire transferred and otherwise transferred from accounts, within and outside the United States, which had been compromised.
In opening the recipient accounts, Awa and Umah used the aliases “Emanuel Albert Smith” and “Edwin John Nicholas,” respectively, and each presented a fictitious passport purportedly issued by the United Kingdom in the name of their alias. They frequently used the name of the compromised account as the name of the recipient account, adding terms such as “LLC” or “Corporation” to make it appear as thought the two accounts were related.
Detailed news link: here