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Nationwide credit union fraud scheme leads to multiple indictments

In Albany, New York, a nationwide bank fraud conspiracy targeting credit unions has resulted in the arrest of two key figures. United States Attorney Carla B. Freedman and FBI Special Agent Craig L. Tremaroli announced the arrests of Oluwaseun Adekoya and David Daniyan, both Nigerian citizens residing in New Jersey and New York, respectively.

Starting in December 2021, Adekoya and Daniyan allegedly obtained personal information from numerous credit union customers across the United States. The fraud exploited a shared branching network of credit unions, allowing members to access their funds at other member institutions by presenting photo ID, account number, and the last four digits of their Social Security number.

The indictment reveals that the defendants created fake identifications with real customer details but substituted photos of accomplices, who then conducted fraudulent transactions nationwide. Adekoya and Daniyan are accused of orchestrating over 200 fraudulent transactions, amassing more than $900,000 used for purchasing luxury items. Their activities spanned various counties in New York and other parts of the country. Following their arrests, Adekoya and Daniyan were detained pending further court proceedings.

Additionally, Gaysha Kennedy and Danielle Cappetti were arrested, and arrests of four more defendants are pending. The seized assets include over $45,000 in proceeds and luxury items. The charges, including conspiracy to commit bank fraud and aggravated identity theft, carry significant prison terms, though the defendants are presumed innocent until proven guilty. The FBI is investigating the case, prosecuted by Assistant U.S. Attorney Benjamin S. Clark.