2 sentenced in $50M bank fraud conspiracy

Updated 2:41 p.m., Monday, August 13, 2012

MINNEAPOLIS (AP) — A federal judge on Monday sentenced two men to decades in prison for their roles in a $50 million bank fraud conspiracy that authorities say spanned six states and depended on employees of some of America's largest banks stealing customers' identities.

U.S. District Judge Michael Davis sentenced the alleged ringleader, Julian Okeayaninneh, 44, of Colton, Calif., to 27 years in prison.

Earlier in the day, Davis sentenced Olugbenga Temidago Adeniran, 36, of New York, described as a high-level manager in the conspiracy, to 22 years in prison.

A federal jury in Minnesota convicted Okeayaninneh and Adeniran in February on multiple counts, including bank fraud conspiracy and aggravated identity theft.

2 sentenced in $50M bank fraud conspiracy - seattlepi.com