Coral Springs man arrested for a multi-state fraud scheme

Coral Springs, Florida – In relation to a massive fraud scheme that reached California, a wanted man from Coral Springs was apprehended and charged with first-degree grand theft and money laundering.

The 47-year-old Emmanuel Oluaegun Fadiya is accused of a fraudulent wire transfer scam that caused an out-of-state real estate corporation to lose $176,880.02.

Investigators claim that Fadiya intentionally stole and misused the money through a fraudulent transaction, redirected it into his business account, and then made many withdrawals and wire transfers, according to Coral Springs Police Department records.

According to records, the Santa Monica Police Department investigators received a complaint from a representative of Prosper Homes, LLC on January 16, 2024, which led to the initial reporting of the case.

The victim claims that on May 30, 2023, they received an email from a title agency that seemed to be genuine wire transfer instructions. The email was bogus, though, and the banking information it included sent the money to a Truist Bank account with the last digit 0150. This bogus account was used to transfer money from Prosper Homes’ JP Morgan Chase account to Da-Bet Autos LLC, a company owned by Emmanuel Fadiya.

On May 31, 2023, after the money was transferred, Fadiya allegedly made three outgoing wire transfers totaling $100,000 and two ATM withdrawals totaling $1,500. Additional withdrawals totaling $112,906.06 were made in London and Washington, D.C., during the next few days.

According to investigation records, police enforcement issued subpoenas to find out the account holder’s information and collaborated with Truist Bank to freeze some of the stolen money. The account was registered to Emmanuel Fadiya, who they later discovered resided in Coral Springs, according to bank documents and CCTV footage.

After receiving subpoenas from the authorities, JP Morgan Chase acknowledged that the $176,880.02 wire transfer that was originally meant for Visionary Title Agency, LLC was instead diverted to the bogus Truist Bank account. There were also more fraudulent transactions discovered.

Detectives interviewed Fadiya and his lawyer at a Coral Springs Dunkin’ Donuts on June 11, 2024. Fadiya acknowledged that he was the bank account’s owner and sole controller, but he would not respond to any more inquiries.

Authorities concluded from the inquiry that Fadiya promptly removed the stolen money once it had been placed straight into his business account. On January 28, more than a year after his initial alleged offenses, he was taken into custody and taken to the Broward County Main Jail after a warrant for his arrest was issued.