Nigerian national arrested in multimillion-dollar email and money laundering scam

HOUSTON – A 33-year-old Houston man has been taken into custody for his role in a large-scale business email compromise and money laundering scheme, announced U.S. Attorney Nicholas J. Ganjei.

Authorities have arrested Edikan Adiakpan who is expected to make his initial appearance at 2 p.m. before U.S. Magistrate Judge Peter Bray.

A federal grand jury in Houston returned a three-count indictment June 11 charging Adiakpan with conspiracy to commit wire fraud, money laundering conspiracy and illegal money transmission. The indictment alleges that in 2021, Adiakpan and co-conspirators carried out a business email compromise scheme targeting companies in at least eight states, including a California research group focused on developing treatments for U.S. veterans. 

Victims received “spoofed” emails that appeared to come from known suppliers and creditors, according to the charges. They were allegedly tricked into sending payments to bank accounts the fraudsters controlled instead of the actual suppliers.

The charges further allege the conspirators laundered the funds by quickly transferring the money between multiple bank accounts they controlled. They then allegedly converted the funds into cashier’s’ checks. Adiakpan allegedly cashed the checks and kept a percentage as a fee.

Another Nigerian citizen, Ayobami Omoniyi, 26, was previously charged with conspiracy to commit wire fraud as part of the same scheme and is awaiting sentencing before U.S District Judge Andrew S. Hanen. 

If convicted, Adiakpan faces up to 20 years in federal prison on the conspiracy and money laundering conspiracy charges and up to five years for the illegal money transmitting. Each conviction carries a possible $250,000 maximum fine. 

FBI – Houston and its Bryan Resident Agency and IRS Criminal Investigation conducted the investigation. Assistant U.S. Attorneys Belinda Beek and Christine Lu are prosecuting the case.

An indictment is a formal accusation of criminal conduct, not evidence. A defendant is presumed innocent unless convicted through due process of law.