Select your Top Menu from wp menus

CEO of Air Peace indicted for over $20m fraud and money laundering in the US

CEO of Air Peace indicted for over $20m fraud and money laundering in the US
Spread the love

Allen Ifechukwu Athan Onyema, the Chairman, CEO, and founder of Air Peace, has been charged with bank fraud and money laundering for moving more than $20 million from Nigeria through United States bank accounts in a scheme involving false documents based on the purchase of airplanes. 

Ejiroghene Eghagha, Chief of Administration and Finance for Air Peace, has also been charged with bank fraud and committing aggravated identity theft in connection with the scheme.

“Onyema allegedly leveraged his status as a prominent business leader and airline executive while using falsified documents to commit fraud,” said U.S. Attorney Byung J. “BJay” Pak.  “We will diligently protect the integrity our banking system from being corrupted by criminals, even when they disguise themselves in a cloak of international business.”

According to the Special Agent in Charge of the DEA Atlanta Field Division , Robert J. Murphy,  “Allen Onyema’s status as a wealthy businessman turned out to be a fraud. He corrupted the U.S. banking system, but his trail of deceit and trickery came to a skidding halt. DEA would like to thank the many law enforcement partners and the subsequent prosecution by the U.S. Attorney’s Office who aided in making this investigation a success.”

“This case is a prime example of why IRS-CI seeks to partner and leverage its expertise in an effort to thwart those seeking to exploit our nation’s financial system,” said Thomas J. Holloman, IRS-Criminal Investigation Special Agent in Charge of the Atlanta Field Office. “With the importance of our banking system to the movement of money around the world, those attempting to use intricate schemes to commit bank fraud through the use of falsified documents and other means should know that the odds are now heavily stacked against them as law enforcement is combining its talents to protect the sanctity and integrity of the nation’s financial system.”

“Onyema setup various innocent sounding multi-million dollar asset purchases which were nothing more than alleged fronts for his scam,” said acting Special Agent in Charge Robert Hammer, who oversees HSI operations in Georgia and Alabama. “I’m proud to be part of a team of law enforcement agencies that come together to identify and attack criminals that attempt to profit from the exploitation of our nation’s financial systems.”

As stated by U.S. Attorney Pak, on the indictment, and other information presented in court:

Onyema, a Nigerian citizen and businessman, is the founder and Chairman of several organizations that purport to promote peace across Nigeria, including the Foundation for Ethnic Harmony, International Center for Non-Violence and Peace Development, and All-Time Peace Media Communications Limited. 

Beginning in 2010, Onyema began travelling frequently to Atlanta, where he opened several personal and business bank accounts.  Between 2010 and 2018, over $44.9 million was allegedly transferred into his Atlanta-based accounts from foreign sources.

Onyema is also the CEO and Chairman of Nigerian airline Air Peace, which he founded in 2013. In years following the founding of Air Peace, he traveled to the United States and purchased multiple airplanes for the airline. However, over $3 million of the funds used to purchase the aircraft allegedly came from bank accounts for Foundation for Ethnic Harmony, International Center for Non-Violence and Peace Development, All-Time Peace Media Communications Limited, and Every Child Limited.

Beginning in approximately May 2016, Onyema, together with Eghagha, allegedly used a series of export letters of credit to cause banks to transfer more than $20 million into Atlanta-based bank accounts controlled by Onyema.  The letters of credit were purportedly to fund the purchase of five separate Boeing 737 passenger planes by Air Peace.  The letters were supported by documents such as purchase agreements, bills of sale, and appraisals proving that Air Peace was purchasing the aircraft from Springfield Aviation Company LLC, a business registered in Georgia. 

However, the supporting documents were fake — Springfield Aviation Company LLC, which is owned by Onyema and managed by a person with no connection to the aviation business, never owned the aircraft, and the company that allegedly drafted the appraisals did not exist.  Eghagha allegedly participated in this scheme as well, directing the Springfield Aviation manager to sign and send false documents to banks and even using the manager’s identity to further the fraud.  After Onyema received the money in the United States, he allegedly laundered over $16 million of the proceeds of the fraud by transferring it to other accounts.

Allen Ifechukwu Athan Onyema, 56, of Lagos, Nigeria, and Ejiroghene Eghagha, 37, of Lagos, Nigeria, were indicted on November 19, 2019, on one count of conspiracy to commit bank fraud, three counts of bank fraud, one count of conspiracy to commit credit application fraud, and three counts of credit application fraud.  Additionally, Onyema was charged with 27 counts of money laundering, and Eghagha was charged with one count of aggravated identity theft.

 

 

About The Author

Related posts

61 Comments

  1. smore traiolit

    Good day very nice site!! Man .. Excellent .. Amazing .. I’ll bookmark your blog and take the feeds additionally…I’m happy to search out numerous useful info right here in the post, we’d like develop more strategies on this regard, thank you for sharing.

    Reply
  2. Pingback: generic sildenafil

  3. Pingback: erection pills

  4. Pingback: erection pills that work

  5. Pingback: ed pills for sale

  6. Pingback: buy cialis online

  7. Pingback: canadian pharmacy

  8. Pingback: generic cialis online

  9. g

    I really like your blog.. very nice colors & theme. Did you make this website yourself or
    did you hire someone to do it for you? Plz reply as I’m looking to design my own blog and would like to know where u
    got this from. cheers

    Reply
  10. g

    I am sure this article has touched all the internet users, its really really pleasant piece of writing
    on building up new webpage.

    Reply
  11. g

    I was wondering if you ever considered changing the page layout
    of your site? Its very well written; I love what youve got to say.
    But maybe you could a little more in the way of content so
    people could connect with it better. Youve got an awful lot of text for only having 1 or two images.
    Maybe you could space it out better?

    Reply
  12. g many

    Heya exceptional blog! Does running a blog similar to this take a massive
    amount work? I’ve absolutely no understanding of coding but I was hoping to start my own blog soon. Anyway, should you have any recommendations or techniques for new blog owners please share.
    I know this is off subject nevertheless I just wanted to ask.

    Thanks!

    Reply
  13. Pingback: levitra cost

  14. g will

    I simply could not leave your website before suggesting that I extremely loved the standard info a person supply
    in your visitors? Is going to be again ceaselessly to inspect new posts

    Reply
  15. rsacwgxy g

    I simply could not leave your site before suggesting that I extremely enjoyed the standard info a
    person provide on your visitors? Is gonna be
    again regularly to check up on new posts

    Reply
  16. Pingback: where to buy cialis over the counter

  17. cialis 20mg price

    I absolutely love your blog and find almost all of your post’s to be
    just what I’m looking for. can you offer guest writers to write content for
    you? I wouldn’t mind publishing a post or elaborating on many of the subjects you write about here.
    Again, awesome web site! https://www.wisig.org/

    Reply
  18. tinyurl.com

    I loved as much as you will receive carried out right here.
    The sketch is attractive, your authored material stylish.
    nonetheless, you command get bought an nervousness over that you wish be delivering the following.

    unwell unquestionably come more formerly again since exactly
    the same nearly a lot often inside case you shield this increase.

    Reply
  19. Pingback: order vardenafil

  20. cbd oil that works 2020

    I’m really loving the theme/design of your website. Do you ever run into any web browser
    compatibility problems? A number of my blog visitors have complained about my site not working
    correctly in Explorer but looks great in Safari.
    Do you have any tips to help fix this problem?

    Reply
  21. cbd oil that works 2020

    I’ve been browsing on-line greater than three hours
    nowadays, but I never discovered any interesting
    article like yours. It is lovely worth sufficient for me.
    In my opinion, if all webmasters and bloggers made just right content as you probably did,
    the web shall be a lot more helpful than ever before.

    Reply
  22. Pingback: hollywood casino online

  23. Pingback: online casino with free signup bonus real money usa

  24. Pingback: canadian pharmacy viagra

  25. Pingback: real money casino online usa

  26. Pingback: online casino real money usa

  27. Pingback: buy cialis online

  28. Pingback: loans for bad credit

  29. Pingback: quick cash loans

Leave a Reply

Your email address will not be published.