On August 22, 2024, a non-DOJ individual pleaded guilty to one count of operating an unlicensed money transmitting business. Charles Egunjobi, a financial auditor for the District of Columbia, pleaded guilty in the District of Maryland. According to the factual statement in support of the guilty plea, from in or about September 2019 through in or about April 2020, Egunjobi transferred funds from the United States to locations within the United States and abroad, including Nigeria. Egunjobi used the proceeds received from his money transmitting business to fund his car sales business, for which he sought and received Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) program loans. One of Egunjobi’s clients, with whom he transferred over $48,000 overseas to Nigeria, was a Special Deputy U.S. Marshal, who plead guilty to laundering funds from a romance scam. The investigation is being conducted by the OIG’s Fraud Detection Office, and the U.S. Postal Inspection Service; forensic assistance was provided by the OIG’s Cyber Investigations Office.
Date Issued
Case Action
Plea