Babajide Adesayo continued laundering stolen funds after his arrest and release on bond in a $2.7 million romance fraud case, US prosecutors have revealed.

A federal jury convicted the 41-year-old Douglasville, Georgia resident on August 6, 2026, following an eight-day trial.

He was found guilty of all charges, including two counts of conspiracy to commit money laundering and 16 counts of transactional money laundering.

Adesayo had been arrested in June 2024 but was released on bond without being required to pay bail.

While under indictment and awaiting trial, however, prosecutors said he continued receiving and moving suspected fraud proceeds through his business accounts.

Victims transferred funds directly to Adesayo’s accounts or through other individuals who subsequently sent the money to him.

He allegedly withdrew or transferred the funds to himself and other accounts almost immediately after receiving them.

A federal magistrate judge revoked Adesayo’s bond after the fresh transactions were uncovered. He has remained in federal custody since March 2, 2026.

“As a prolific money launderer, Adesayo facilitated the theft of nearly $3 million from victims and continued even after he was indicted, arrested, and released on bond,” US Attorney Theodore S. Hertzberg said.

“Now behind bars awaiting a significant sentence, this incorrigible swindler will face the full consequences of his actions.”

According to evidence presented in court, the wider fraud operation targeted elderly victims online between April 2020 and September 2021.

The fraudsters posed as friends, business associates or romantic partners before making false appeals for financial assistance.

They claimed they needed equipment for their businesses, had been imprisoned or were suffering from injuries and illnesses.

Several victims were persuaded to transfer hundreds of thousands of dollars, including their retirement savings and other income.

Most of the money was sent to business accounts controlled by Adesayo’s co-defendant, Nigerian national Efemena Igbe.

Prosecutors said Igbe transferred most of the funds to Adesayo and disguised the transactions as payments for vehicles from Adesayo’s automotive business.

Adesayo then moved the money to accounts in China, Hong Kong, Nigeria and other countries.

Over 17 months, he received and transferred more than $2.7 million belonging to victims, according to prosecutors.

“Adesayo helped steal millions from vulnerable victims, including elderly people who lost their hard-earned savings,” FBI Atlanta Special Agent in Charge Marlo Graham said.

“He then moved that money overseas to hide it from those he had defrauded. Even after his indictment, he continued laundering stolen funds.”

Adesayo’s sentencing is scheduled for November 20, 2026, before United States District Judge Mark H. Cohen.

He faces up to 20 years’ imprisonment on each conspiracy count and up to 10 years on each transactional money-laundering count.

He also faces a consecutive sentence of up to 10 years for committing offences while on release.

The FBI and US Immigration and Customs Enforcement’s Homeland Security Investigations investigated the case, with assistance from several federal and local law-enforcement agencies.