QUEENS, NY — A Georgia man has been arrested in connection with a money laundering investigation involving nearly $1 million stolen from a Bergen County business.
Olanrewaju B. Adeosun, 39, of Dunwoody, Georgia, was arrested Monday and charged with first-degree money laundering.
Bergen County Prosecutor Mark Musella announced the arrest, which resulted from a 15-month investigation conducted by the Bergen County Prosecutor’s Office under the direction of Chief Matthew Finck.
In July 2024, the Palisades Park Police Department contacted the Bergen County Prosecutor’s Office Financial Crimes Unit regarding a fraudulent money wire that resulted in a $982,148.28 loss to an area business.
An investigation revealed that the stolen funds were moved across multiple financial accounts and into multiple cryptocurrency exchanges.
Detectives determined that Adeosun used a fictitious cryptocurrency account to distribute the stolen proceeds as digital assets and transfer them to various financial accounts in his control.
The funds were then withdrawn and used for his personal benefit.
On Nov. 9, detectives from the Bergen County Prosecutor’s Office located Adeosun in Queens with the assistance of the Department of Homeland Security, the Port Authority Police Department of New York and New Jersey, and U.S. Customs and Border Protection agents.
Adeosun remains in the custody of New York authorities, pending extradition to Bergen County, New Jersey.
