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Federal Grand Jury Indicts Two in Money Laundering Scheme Stemming from Email Scam

Money LaunderingFederal Grand Jury Indicts Two in Money Laundering Scheme Stemming from Email Scam

A federal grand jury in Pittsburgh has indicted David Kakra Mensah, a Ghanaian national, and Charles Wilson Stout, a resident of Florida, on charges of money laundering. The indictment, returned on September 12, 2023, and unsealed on October 4, 2023, alleges that Mensah and Stout conspired to launder over $600,000 in fraudulent proceeds from a business email compromise scam that targeted an educational institution in Washington, D.C. They established a shell corporation, multiple bank accounts, and multiple cryptocurrency accounts to facilitate their scheme, concealing the true nature and ownership of the funds.

If convicted, both defendants could face a maximum sentence of up to twenty years in prison, a fine of up to $500,000, or both. They are currently detained pending trial. The Federal Bureau of Investigation conducted the investigation leading to the indictment. It’s important to note that an indictment is an accusation, and a defendant is presumed innocent until proven guilty in a court of law.

By FCCT Editorial Team

Disclaimer: The views expressed in this article are independent views solely of the author(s) expressed in their private capacity.

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