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Nairaland Forum / Nairaland / General / Business / Allen Onyema Indicted For Bank Fraud And Money Laundering In America (77580 Views)
Allen Onyema: How I Made My Money To Start Air Peace / Bank Fraud!!! What I Did And How I Got My Money Back / Profile Of Allen Onyema (CEO Of Air Peace) (2) (3) (4)
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Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Kingspin(m): 2:56am On Nov 23, 2019 |
Maybe the man doing too much that causing some sleepless night The gang-up just began Wait to hear from the Onyema. 2 Likes |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by nextstep(m): 2:57am On Nov 23, 2019 |
OneKinGuy: I searched and found it... you're right. This is serious oh 2 Likes 1 Share |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by meobizy(f): 2:59am On Nov 23, 2019 |
Are there honest businessmen anymore? 9 Likes |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by mmsen: 2:59am On Nov 23, 2019 |
Almajiri1: Why would they when it is Nigerian politicians and civil servants who collect these bribes and then cover up the crimes of the American companies? 17 Likes 1 Share |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by NaijaHeadlines: 3:00am On Nov 23, 2019 |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Nobody: 3:01am On Nov 23, 2019 |
Incandescent: Okay try Bernie madoff then 10 Likes 3 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Tomide007: 3:02am On Nov 23, 2019 |
Almajiri1:Yen yen yen....check what ethiopian airline is doing, its better than lots of american brands......he should answer to justice. We love him, but if he's indicted, then he should wash his hands clean. 14 Likes 2 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by EgunMogaji2: 3:02am On Nov 23, 2019 |
Incandescent: They really do and I always wonder if they are like this in real life or they just come on up here to manifest their craziness. 10 Likes 2 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Judybash93(m): 3:02am On Nov 23, 2019 |
Omo men, this one na another wahala oOo... 2 Likes 1 Share |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by franchasng: 3:02am On Nov 23, 2019 |
linearity:This is what happened. Onyema didn't steal America's money neither did he stole any money from America. He only used a false document to move his own money in Nigeria to his registered company account in the US. The question should be, where did the money he moved from his Nigerian bank to US bank came from Mind you, Onyema was among the real estate moguls that sold most lands in Banana Island, he sold over a hectare or more. So $20million is a small money because Onyema sold close to 2 hectares of lands in Banana Island during the said time and 1 plot of land in Banana Island back then should be around $1million which is around 20 plots of land. All he needs to do is get good attorneys, and provide clean evidence how the money came about and why he used fake documents of a non existent Aviation company in the US to receive money. This is not BEC fraud. His case is different 19 Likes 1 Share |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Beautyaddy: 3:02am On Nov 23, 2019 |
tbaba1234: Hmmm...jail time in which Country |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Masterdazhem: 3:02am On Nov 23, 2019 |
Now that's some serious shit |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by SoNature(m): 3:04am On Nov 23, 2019 |
I am deeply heart-broken by this news 12 Likes |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by agabusta: 3:04am On Nov 23, 2019 |
nextstep: The comment below explains the latter part of the fraud. He used phony documents to transfer 20million dollars out of Nigeria. Note that you can only transfer clean money, so he used his company in the US to make the transaction look legitimate. The indictment stated that immediately the money landed in the US, he disbursed 16million dollars of it for various entities not related to plane purchase. linearity: 10 Likes 2 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Incandescent(m): 3:06am On Nov 23, 2019 |
agabusta: It's obvious he had difficulties moving funds & decided to use this route. This isn't good for his image. He should fix this abeg 1 Like |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by ProtectMyMoney: 3:07am On Nov 23, 2019 |
nextstep: Fresh news just updated few hours ago. .by US Doj. 4 Likes 1 Share |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by SoNature(m): 3:09am On Nov 23, 2019 |
Almajiri1: Story for the deities! Stop making silly excuses for him He should go and clear his name if he thinks he's innocent I just kept wondering where the man was getting all the funds to order brand new airplanes from. Meanwhile, most airlines in Nigeria buy fairly used ones because they don't have enough money 23 Likes 1 Share |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by agabusta: 3:11am On Nov 23, 2019 |
franchasng: If he has nothing to hide, why go through a fraudulent means to get 20million dollars out of Nigeria?? Going to the extent of using fake documents to get the money out makes the money highly suspicious. I trust the EFCC to do the needful and trace the actual source of those funds. 26 Likes 2 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Nobody: 3:13am On Nov 23, 2019 |
EgunMogaji2: People say companies are packing up because of Buhari, but what you find if you look under the surface is that they are packing up because executives have looted them to death. You see some of our billionaires posing up and down, but they left the carcasses of once thriving companies in their wake. 36 Likes 4 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by baby124: 3:13am On Nov 23, 2019 |
linearity:Hmm... interesting. 1 Like |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by SoNature(m): 3:17am On Nov 23, 2019 |
UdechiHD: Oga, stop thinking and read the news 1 Like |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by Nobody: 3:19am On Nov 23, 2019 |
SoNature: With the industry the way it is, you will almost certainly go bankrupt buying brand new planes. None of them do, they only pretend to. I am sure the ceos of Dana etal must have been scratching their heads when air peace announced they were buying brand new planes. Or maybe laughing because they knew exactly what was up. People in the industry know the real operators and the posers 25 Likes 2 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by plaindealer: 3:19am On Nov 23, 2019 |
Banks are also required to inform you of any forms the IRS needs when you are making any qualifying transactions. “This case is a prime example of why IRS-CI seeks to partner and leverage its expertise in an effort to thwart those seeking to exploit our nation’s financial system,” said Thomas J. Holloman, IRS-Criminal Investigation Special Agent in Charge of the Atlanta Field Office. “With the importance of our banking system to the movement of money around the world, those attempting to use intricate schemes to commit bank fraud through the use of falsified documents and other means should know that the odds are now heavily stacked against them as law enforcement is combining its talents to protect the sanctity and integrity of the nation’s financial system.” I was rooting for this man and his airline, but why go down this path especially in America where paper trail, laws and regulations are enforced by their institutions. Banks by law must report such transactions to the IRS hence the involvement of the IRS Criminal investigation division. The fact that you get away with such acts in Nigeria doesn't mean it's equally possible in the US. This is just too sad and unfortunate. What was he thinking? You can not get away with this kind of open and brazen criminal act, a very dumb criminal act in fact. 24 Likes 2 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by livinbygrace: 3:21am On Nov 23, 2019 |
When we tell you that more than 90% of Nigerian wealthy men have been into fraud or shady deals,some gullible folks will starts arguing with their ancestors.Majority of Nigerian rich men have been into either fraud,drugs,diverting government funds, or sharp practice.Anyway,Money is money 26 Likes 2 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by franchasng: 3:24am On Nov 23, 2019 |
agabusta:$20million isn't much for Onyema to have back then. All he needs to do is provide evidence of how he came about the $20million he wired from his company in Nigeria to his non existent Aviation company in the US. What triggered this investigation is the nature of his business, which made them start investigation how the business came into existence, the owners and how they acquired their first of aeroplanes to kick off. During that investigation, they discovered that the first purchase of the airline's aeroplane came through a shady money wired into the US. For people who don't know what Letter of Credit is, let me explain. It is not a letter to obtain a loan from bank. It is a financial document from bank, used for international trade; import and export. If you a Nigerian want to import say catapillars from US worth like $10million. You cannot transfer the money directly to the Catapillar exporting company in USA. You will need to approach your bank to raise a Letter of Purchase showing that you have at leat $10million+ in your bank account in Nigeria, which your bank will send to the Catapillar company in the US to assure them that they can instruct their client; the Catapillar exporting company in US to ship the Catapillar you are buying from them to Nigeria. Once you confirm receipt of the Catapillar in Nigeria, your Nigerian bank will then release the money in your account to the Catapillar company's bank in the US. Now, what Onyema did was to use his registered company in the US to act as an aeroplane trading company that sell planes to people, so he raised a Letter of Credit from his Nigerian company bank accounts to his US registered company to sell and ship aeroplanes to his Nigerian company, this is to enable him move the said $20million into his US company bank account. But during US governments investigation, they discovered that the said US company that sold aeroplanes to him does not deal on aeroplane and did not ship any aeroplane to his Nigerian company as stated in the letter of credit, instead the money was moved to maybe outside US to purchase aeroplane from another country or something, which triggered fraudulent bank activities on his record, hence the investigation. He just need to provide evidence of the source of the $20million he moved from Nigeria to US. I hope its not linked to any Nigerian politician 27 Likes |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by jjman2322: 3:24am On Nov 23, 2019 |
Let me explain how USA laws work and what this means for Onyeama. I will also expalain what will happen next and what his options are. Read all through.. Ive lived in USA whole life. 1. Ok, so first of all, faking any kind of documents including fake LC and giving it to any USA bank is called bank fraud which is 20 years in prison(unless maybe you plead guilty and get lesser time) 2. US DOJ/FBI have a conviction rate of damn near 99% because they will only indict you when there's enough evidence for a jury of your peers to convinct you. They do thorough research and indict you with enough supporting documents that you dont want to go to trial and lose, you rather plead guilty and get maybe 5 years instead of 20. 3. Bank Fraud i believe is 20 years if you go to trial, Money laundering should vbe same. 4. This isnt Nigeria EFCC. People need to stop saying he didn't commit a crime. He committed a crime in the USA. The moment you LIE on any loan documents, bank documents, etc, its fraud.. 5. Theres a reason people can get a 30 year mortgage in USA for a house at under 4% without collateral. There's a reason you can go to USA and buy a $50,000 car and finance it at 5% for 7 years as an 18 year old without colleteral. Guess what the reason is? USA protects their banking system like a baby. If you apply for a loan and lie on any part of the loan, it becomes bank fraud automatically. 6. The DOJ will seek to extradite him to USA to face trial. Its what they do for all indicments. 7. Onyeama will not want to face trial, as there is a 99% chance he will be found guilty as I earlier mentioned. He will also not want to take a plea bargain as that will mean jail time of some sort.. USA imprisons the top rich/most powerful people.. They dont care. 8. The attorneys who work for DOJ and USA arent corrupt. They dont care who you are. Their only job is to protect american interests and they swore to serve the USA. Governors, Mayors, Rich powerful men, have all gone to jail in USA. 9. If Onyeama fights the extradition and refuses to come to USA, they will flag him as a wanted fugitive, which means he will basically not want to ever leave Nigeria as the USA govt will grab him from any other country he goes to. 10. USA govt has a lot of pull, they have collected wanted people from so many other countries while in transit.. Every country yields to them. 11. Finally, lets see what will happen. Nobody escapes from a DOJ indictment.. Lets see what Nigeria govt does when it comes to the extradition.. Bad days ahead.. Sad day for Air peace 63 Likes 6 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by seuncyrus(m): 3:25am On Nov 23, 2019 |
There is really no way for Nigeria to redeem her image anymore, from our useless Politicians, to Invictus Obi, to the 80 cyber crime ring, Mompha and now the Chairman of a whole Aviation company chai . Is there really clean money in this country, I mean real clean legal wealth cos I'm starting to have doubts daily WTF is wrong with this country, it's like every one is into some sort of fraud , from the politicians to the civil servants , to the yahoo boys and even to those we are supposed to call role models . Mehn FVCK THIS COUNTRY 23 Likes 2 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by otokx(m): 3:25am On Nov 23, 2019 |
The Nigerian government will also have to do its own investigation, our Nigerian banks appear to have weak internal controls with a penchant for bad debt. 3 Likes |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by ProtectMyMoney: 3:27am On Nov 23, 2019 |
fyneguy: If he is currently in US custody, then you can say he is finished but if he is currently in Nigeria, you can expect newspaper publications rejecting the news from today's papers. 4 Likes |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by jjman2322: 3:27am On Nov 23, 2019 |
franchasng: Thats not how indictments work in the USA. You cant explain or provide any document to make them kill the indicment.. This isnt EFCC.. Evidence or no evidence, the falsification of documents is called bank fraud, subject to prison term.. How dont you people understand.. USA govt spent years investigation this case and they will go to court or he pleads guilty.. Those are only two options for an indictment.. You cant "EXPLAIN" anything to USA GOV after indictment 33 Likes 4 Shares |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by franchasng: 3:27am On Nov 23, 2019 |
livinbygrace:Dont call it fraud yet, he didn't steal money from US, he only moved money into USA from Nigeria with fraudulent documents which I am sure his bankers, advisers and maybe PA made him do without explaining better to him the later implications. He will be fully guilty if the $20million he sent to US from Nigeria came from a Nigerian politician maybe through looted funds, that's when you can start screaming fraud. But I am sure $20million is a small money for him, you can take it from me. He only allowed all these bank agents to put him into one corner situation |
Re: Allen Onyema Indicted For Bank Fraud And Money Laundering In America by franchasng: 3:30am On Nov 23, 2019 |
jjman2322:What if it is his stupid, overzealous bank agents that advised him to do that when he wanted to make the purchase and couldn't find a way to move the money to the US 5 Likes |
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