Adesayo, who resides in Douglasville, Georgia, was found guilty on August 6, 2026, after an eight-day trial, according to the US Department of Justice.
He was convicted on two counts of conspiracy to commit money laundering and 16 counts of transactional money laundering over offences allegedly committed between April 2020 and September 2021.
According to prosecutors, the scheme targeted elderly victims who were deceived by fraudsters posing as friends, business associates or romantic partners before being persuaded to send money for fabricated reasons, including medical expenses, business equipment, injuries and alleged imprisonment.
Court evidence showed that victims transferred large sums, including retirement savings and personal income, into business accounts linked to Adesayo’s co-defendant, Efemena Igbe, also a Nigerian.
The US authorities alleged that Igbe transferred much of the money to Adesayo’s automobile business under the guise of payments for vehicle purchases.
Prosecutors said Adesayo subsequently moved substantial portions of the funds to accounts in China, Hong Kong, Nigeria and other countries.
Over a 17-month period, he allegedly received and transferred more than $2.7 million belonging to victims of the fraud scheme.
The prosecution further alleged that Adesayo continued to launder money even after his arrest in June 2024 while awaiting trial. His bond was later revoked following the discovery of the alleged post-arrest activities, and he has remained in federal custody since March 2, 2026.
Adesayo is scheduled to be sentenced on November 20, 2026, before United States District Judge Mark H. Cohen.
The Department of Justice said he faces a maximum of 20 years in prison for each conspiracy conviction and up to 10 years for each transactional money-laundering conviction.
He could also face an additional consecutive sentence of up to 10 years for allegedly committing offences while on release.
The final sentence, however, will be determined by the court after considering the US Sentencing Guidelines, which provide recommended ranges but are not binding on the judge.
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