MINNEAPOLIS (AP) — Two people have been convicted for their roles in a $50 million bank fraud conspiracy that spanned several states.

A federal jury found 43-year-old Julian Okeayaninneh, of Colton, Calif., and 35-year-old Olugbenga Temidago Adeniran, of Minneapolis, guilty of multiple counts.

So far, 27 people have either pleaded guilty or been convicted in the scheme, which was carried out from 2006 through 2011 in Minnesota, California, Massachusetts, Arizona, New York and Texas.

As part of the conspiracy, bank employees stole customer identities, then bought and sold the identities so they could be used to create phony accounts, apply for loans, and get cash.

Two other defendants were acquitted Tuesday.

Louis Stephens, special agent in charge of the local U.S. Secret Service office, says the conspiracy had tentacles reaching across the world

(© Copyright 2012 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments (9)
  1. Kevin says:

    Aint diversity grand??????

    1. Kevin says:

      Isnt posing rhetorical questions on an annymous chat board the most asinine thing you’ve ever seen??

      I do it because mesolittle and miserable. When will the misery that is my life end….i am so angry…..insert racist rant here…..and here….once more here…..god this is alli have going for my life and i know how pathetic that is….take mercy on my humilating existance.

      1. NAS says:

        I think posing as someone else on a chat board just to make it appear that they are saying negative things about themselves is way more asinine.

        1. Kevin says:

          Probably because you are too dumb to understand the irony going on here. Just sit back, relax, the nurse will be with you shortly to administer your medications.

    2. Yuri Nator says:

      Yeah, it’s amazing to see that embezzlers are now endorsing affirmative action.

  2. jackactionzero says:

    sniffin’ out the truth …. they white dudes Kevin
    how’e them apples?

    1. Uncle Rico says:

      And you’re Marcus Bachamas, A Senser, Greg Losseanus, Poppa Joe, tarts and arts, Chico, and probably nine other message board personalities. Psycho.

  3. Kevin says:

    try pole smokin’ it’s fun!!

  4. G Dog says:

    Ain’t regulation grand????????

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