Daily Digest Online

A 40-year-old Nigerian man has been sentenced to two decades in a U.S. federal prison for masterminding a sophisticated, nationwide bank fraud and money laundering conspiracy that stole millions from American credit union customers. A federal court in Albany, New York, has sentenced Oluwaseun Adekoya, a 40-year-old Nigerian national, to 20 years in prison for leading a large-scale fraud ring that targeted home equity lines of credit (HELOCs) across the United States. Adekoya, a lawful permanent resident who lived in Cliffside Park, New Jersey, was convicted earlier this year on charges of bank fraud conspiracy, money laundering conspiracy, and aggravated identity theft following a three-week trial. According to evidence presented by the U.S. Department of Justice, Adekoya operated the scheme from his luxury apartment, using encrypted messaging apps like Telegram to organize a network of conspirators. He identified potential victims with substantial HELOC balance...