‘Missing’ Osun monarch in FBI custody over $4.2m COVID-19 fraud

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  • Joseph Oloyede, the Apetu of Ipetumodu, has been detained by the FBI and charged with conspiracy, wire fraud, and money laundering for his role in a fraudulent COVID-19 relief scheme
  • The monarchs absence for over a year led to growing unease in his community, particularly as he missed major cultural events, including the Egungun Festival and Edi Celebration
  • Oloyede and his associate, Edward Oluwasanmi, allegedly misappropriated over $4.2 million in COVID-19 relief funds through false applications

FBI nabs Osun monarch over multi-million fraud.
Photo credit: @Mr_JAGs/San Fransisco/Hearest NewspaperSource: UGCMonarch’s disappearance raises alarm in Ipetumodu”The kings absence was a cause of worry. We hadnt heard from him, and he missed all the important events. It was unusual, and we didnt know what had happened to him.”FBI announces charges in COVID-19 relief fraud case Oloyede and Oluwasanmi fraudulently obtained more than $4.2 million in COVID-19 relief loans through false representations made in their applications to the US Small Business Administration (SBA). Details of the fraudulent schemeCollaborative investigation by US authorities”We will pursue and hold accountable those who exploit government programs for personal gain,” Sweeney stated.FBI arrests Nigerian terrorist while plotting attack in US

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