Nigerian National Admits to Laundering Over $2.5 Million Through Cryptocurrency in Romance Scam Case

Charles Uchenna Nwadavid, a Nigerian citizen, pleaded guilty in a Boston federal court to laundering more than $2.5 million obtained via online romance scams targeting six U.S. victims between 2016 and 2019. The illicit funds were moved through cryptocurrency accounts using platforms like LocalBitcoins, with Nwadavid operating remotely from overseas. The case highlights the growing trend of using crypto to conceal proceeds of fraud, posing challenges for law enforcement worldwide. Continue to read Nigerian National Admits to Laundering Over $2.5 Million Through Cryptocurrency in Romance Scam Case