ATLANTA — Anthony Dwayne King from Atlanta has been sentenced for the crime of laundering over $247,000 from business email compromise (BEC) schemes. His victims were Minnesota and Oregon homebuyers, a New Jersey Company, and a Delaware law firm.
King opened several bank accounts with his co-conspirators. They used fake identities and a sham company name and later proceeded to launder the stolen funds through business email compromise schemes.
Presently, King, 39, has been sentenced to two years and six months in prison, followed by three years of supervised release. He was also ordered to pay $124,190.63 in restitution. After pleading guilty, King was convicted of a money-laundering conspiracy.
The case was prosecuted by Assistant U.S. Attorney Michael Herskowitz, Chief of the Cyber and Intellectual Property Crimes Section. The Federal Bureau of Investigation conducted the investigation.
Acting U.S. Attorney Kurt R. Erskine reported that King has been sent to federal prison and will pay full restitution to the victims.
“Our office will continue to work with our federal, state, and local law enforcement partners to bring those who facilitate these cyber-fraud crimes to justice,” said Erskine.
“These cyber scams can be devastating to businesses and individuals who fall prey to them. It is a big reason why the Georgia Cyber Fraud Task Force was formed; to educate businesses and the community on how to avoid them. Arrests and convictions, like this one, will make it less lucrative and less appealing for those who contemplate committing these crimes,” said Chris Hacker, Special Agent in Charge of FBI Atlanta.