North Carolina man sentenced to prison, supervised release, restitution and forfeiture for laundering millions of dollars for person he met online
Published 10:02 am Sunday, July 23, 2023
A Concord man was sentenced July 10, 2023 to 60 months in prison, three years of supervised release, $10,822 restitution and $100,000 forfeiture for one count of conspiracy to commit money laundering and one count of aggravated identity theft, according to a press release from the U.S. Department of Justice, Eastern District of North Carolina. Derrick Donahue Davis, 51, pleaded guilty on April 11, 2023 to the charges pursuant to a plea agreement.
According to court documents and other information presented in court, Davis came to the attention of law enforcement when one of his bank accounts received a $120,000 wire that was sent to his account by a victim of a scam who was acting under the belief the funds were being used towards closing on a home purchase.
“Davis withdrew that money immediately and transferred it to a number of other individuals and the victim lost the home and thousands of dollars,” stated the release. “Investigation ultimately revealed that Davis laundered over two and a half million dollars over three years for an individual he had met online and whom he believed was a female but was actually a Nigerian male engaged in numerous scams. In addition, Davis received 43 debit cards in other people’s names and sent images of those cards to the Nigerian.”
According to the release, Davis continued to launder the money even after being explicitly informed by law enforcement that the money he was moving was from criminal activity.
Michael F. Easley Jr., U.S. Attorney for the Eastern District of North Carolina, made the announcement after sentencing by Chief U.S. District Judge Richard E. Myers II. FBI investigated the case and Assistant U.S. Attorney Brad DeVoe prosecuted.