WCCO EYE4 LOGO WCCO Radio wcco-eye-white01, ww color white

Local

2 Men Sentenced For Multi-State Bank Fraud

View Comments
Adam Carter Adam Carter
Adam Carter has been a versatile member of WCCO Radio since joining...
Read More

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. Why Is The Jury Taking So Long In Ventura Trial? Law Professor Weighs In
  2. Funeral Held For Gopher Legend McNamara
  3. QB Race On At Vikes' Training Camp
  4. WCCO Interview: Children's Defense Fund Study
  5. Human Cannonball Blows Minds At Canterbury

MINNEAPOLIS (WCCO) — Two men were sentenced Monday in Minneapolis federal court for their involvement in a $50 million bank fraud scandal.

Prosecutors say 44-year-old Julian Okeayaninneh, of California, and 36-year-old Olugbenga Temidago Adeniran, of New York, orchestrated an organized crime group that spanned six states. The organization involved an extensive network of bank employees, and victimized up to 500 people worldwide.

The scandal involved identity theft, bank fraud, credit card fraud, and money laundering. U.S. Attorney for Minnesota B. Todd Jones says the investigation started in Minnesota.

“When we started the case, we had no idea that it would span out and pull in people that were in California, pull in people that were in New York, which again just shows some of the challenges in investigating financial fraud and identity theft, where the platform is the Internet.”

The Minnesota Financial Crimes Task Force headed up a multi-year investigation called “Operation Starburst.” It was a joint operation of federal, local and state law enforcement.

Edina Police Chief Jeff Long said his officers played an integral part in the investigation.

“It started small,” he said. “It was just a typical investigation that led to more and more information by some relentless officers that just continued to follow up.”

Okeayaninneh was sentenced to 27 years in federal prison and Adeniran was sentenced to 22 years. Because the federal criminal justice system does not have parole, the two men will serve most of their sentences behind bars.

View Comments
blog comments powered by Disqus