Police Arrested a Manchester Man for $300,000 Retirement Funds Theft
A man from Manchester was arrested by the Hartford police after an investigation on retirement funds theft, which led to revelation of crimes like money laundering, cyber hacking and bank wire fraud, as per the police. Officers have identified Kwadjo Osei-Wusu, aged 36, as the prime offender, who is from Buckland Street, Manchester.
In the month of March this year, the major crimes division's financial crimes unit of the police department has received a complaint that an account of Wells Fargo bank was compromised. As per the police, it was found that the account was illegally accessed on April 2014 and over $300,000 was stolen.
As per the police, detectives investigated together with the FBI (Federal Bureau of Investigation) and found out that many fake bank accounts with fake credentials were opened. As per Rafael Medina, Assistant Police Chief, the funds that were stolen got deposited in many accounts, which were withdrawn by several suspects through the help of cashier's checks.
Medina mentioned in an email that "the criminal activity involved sophisticated levels of cyber hacking, bank wire fraud, and money laundering that occurred within the State of Connecticut".
As per the warrant, the police have got the financial transaction data as well as images of transactions recorded through surveillance cameras of amount ranging between $10,000 and $60,000 at the locations of various Bank of America branches all over the state. In those images, Wusu along with two other individuals was seen. Cashier checks withdrawal had taken place in between 16 April, 2014, and 18 April, 2014, as documented in the warrant.
An arrest warrant was obtained by the police that charged Osei-Wusu with crimes like first degree larceny, second degree money laundering, and first degree conspiracy to commit identity theft. Kwadjo Osei-Wusu was taken into custody by the police from his barber shop of East Hartford, and then was transported to major crimes division.
Kwadjo Osei-Wusu bond was set at $450,000 by the judge. Although, Wusu during his court appearance in the Manchester Superior Court, requested Stuart Rosen, the Judge, to decrease his bond amount, but as per the court records, the judge has denied that. Thus, Wusu has been sent to the lockup and has been scheduled to appear before the court by the end of this month.
» SPAMfighter News - 9/7/2018
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