U.S. Court Convicts Nec Bullion CEO, Uche Nwadavid, of $2.5 Million Romance Scam and Money Laundering
A federal court in Boston has convicted Charles Uche Nwadavid, CEO of construction firm Nec Bullion, for his role in a $2.5 million romance sc@m and money la¥ndering operation.
The conviction was announced on Thursday by U.S. Attorney Leah B. Foley and FBI Boston’s Special Agent in Charge, Ted E. Docks. According to the U.S. Attorney’s Office for the District of Massachusetts, the 35-year-old Nigerian businessman pleaded guilty on Wednesday to charges of mail fr@ud, aiding and abetting money la¥ndering, and money la¥ndering.
Court documents revealed that between 2016 and September 2019, Nwadavid orchestrated a series of romance scams, targeting victims through fake online dating profiles. He built fraudulent romantic relationships to deceive individuals into sending large sums of money overseas. One Massachusetts victim unknowingly helped funnel funds from five other victims, which Nwadavid later transferred through cryptocurrency accounts, primarily using the LocalBitcoins platform.
He was indicted by a federal grand jury in January 2024 and was arrested in April 2025 after arriving in the U.S. from the United Kingdom via Dallas-Fort Worth International Airport.
Sentencing is scheduled for September 23, 2025, before U.S. District Judge Leo T. Sorokin. Mail fr@ud and money la¥ndering convictions each carry a maximum penalty of 20 years in prison, supervised release, substantial fines, restitution, and asset forfeiture. Following his sentencing, Nwadavid also faces deportation to Nigeria.
Comments
Post a Comment