Oluwaseun Adekoya, also known by several aliases including “Ace G.” and “BRODA,” was convicted in Albany, New York, of bank fraud conspiracy, money laundering conspiracy, and multiple counts of aggravated identity theft. This conviction marks the end of a nationwide operation involving identity theft and impersonation at banks and credit unions across the United States.
United States Attorney John A. Sarcone III remarked on the conclusion of this case: “With the last set of pleas in this case, I said, ‘and then there was one;’ now, there are none.” He commended the FBI Albany office along with local law enforcement agencies for their efforts in bringing Adekoya to justice.
Special Agent in Charge Craig L. Tremaroli emphasized the complexity of Adekoya’s schemes but assured that “Mr. Adekoya was the mastermind of a complex web of deception, but he couldn’t escape the reach of the FBI and our partners.”
During a trial lasting two and a half weeks, evidence revealed that Adekoya used information from people’s home equity lines of credit (HELOCs) to execute his fraudulent activities. Operating from his luxury apartment in New Jersey, he utilized encrypted messaging platforms to obtain personal identifying information such as Social Security numbers and account details. He recruited managers nationwide to help carry out these scams.
Adekoya’s criminal activities were first uncovered in May 2022 when Broadview Federal Credit Union noticed suspicious transactions at its branches. The investigation led to Adekoya’s arrest on December 12, 2023.
Upon executing a search warrant at his residence, authorities seized several “burner” phones used for orchestrating crimes and luxury items obtained through illicit means. These have since been forfeited by the government.
Adekoya faces sentencing on October 30, 2025. He could receive up to 32 years in prison alongside other penalties such as restitution and supervised release. His status as a Lawful Permanent Resident is also under threat following his sentence.
The prosecution has involved Assistant United States Attorneys Benjamin S. Clark, Mathew M. Paulbeck, and Joshua R. Rosenthal with extensive assistance from numerous law enforcement agencies across various states.
