PROVIDENCE – A 33-year-old Warwick man previously convicted for operating an illegal money transmitting business, was sentenced in U.S. District Court to one year and a day in federal prison, U.S. Attorney for the District of Rhode Island Zachary A. Cunha announced Wednesday.
Babawale Jenyo was found guilty of fraudulently obtaining funds through email and romance scams that went through bank accounts he controlled.
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Jenyo was first arrested in May 2017 on charges he scammed a couple in Iowa. He was arrested again in May 2019 by the U.S. Secret Service for continuing to engage in illicit money transferring activities.
Cunha also announced that a 29-year-old Baltimore man who previously pleaded guilty to wire fraud was sentenced last month to 24 months and ordered to pay restitution to fraud victims totaling $136,431.
According to court documents, Abiodun Shobaloju was part of a conspiracy that carried out email and romance scams that fraudulently obtained large sums from multiple victims. As part of his role in the conspiracy, Shobaloju provided members of the conspiracy with critical bank information, and also created a shell company and bank account to be used expressly to receive and disperse proceeds from the fraud scheme. Once the funds were deposited in accounts controlled by Shobaloju, he would often withdraw cash for his own use and then transfer the remaining funds to other bank accounts.
