Emmanuel Oluaegun Fadiya {BSO}
A wanted man from Coral Springs has been arrested and charged with money laundering and first-degree grand theft in connection with a large-scale fraud scheme that extended to California.
Emmanuel Oluaegun Fadiya, 47, has been charged with a fraudulent wire transfer scheme that resulted in the loss of $176,880.02 from an out-of-state real estate company.
According to Coral Springs Police Department records, investigators allege that Fadiya knowingly obtained and used the funds through a fraudulent deal and diverted the money into his business account before making multiple withdrawals and wire transfers.
Records show that the case was first reported on January 16, 2024, when detectives from the Santa Monica Police Department received a complaint from a Prosper Homes, LLC representative.
According to the victim, on May 30, 2023, they received what appeared to be legitimate wire transfer instructions from a title agency via email. However, the email was fraudulent, and the provided banking details directed the funds to a Truist Bank account ending in 0150. The funds were sent from Prosper Homes’ JP Morgan Chase account to this fraudulent account, which was later traced back to Da-Bet Autos LLC, a business registered to Emmanuel Fadiya.
Once the funds were deposited on May 31, 2023, Fadiya allegedly made two ATM withdrawals totaling $1,500 and initiated three outgoing wire transfers amounting to $100,000. Over the following days, additional withdrawals were made in London and Washington, D.C., totaling $112,906.06.
Investigation records show law enforcement worked with Truist Bank to freeze some of the stolen funds and issued subpoenas to uncover the account holder’s details. Bank records and surveillance footage revealed that the account belonged to Da-Bet Autos LLC, registered to Emmanuel Fadiya, who, they later found, lived in Coral Springs.
Authorities issued subpoenas to JP Morgan Chase, which confirmed that the original wire transfer of $176,880.02 was intended for Visionary Title Agency, LLC, but was redirected to the fraudulent Truist Bank account. Additional fraudulent transactions were also found.
On June 11, 2024, detectives met with Fadiya and his attorney at a Dunkin’ Donuts in Coral Springs for an interview. Fadiya confirmed that he was the owner and sole controller of the bank account but refused to answer further questions.
Based on the investigation, authorities determined that the stolen funds were deposited directly into Fadiya’s business account and that he immediately withdrew the funds. A warrant was issued for his arrest, and on January 28, over a year after his original alleged crimes, he was arrested and transported to the Broward County Main Jail.
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