ATLANTA — A Sandy Springs man has been sentenced to 10 years in federal prison for laundering more than $4.5 million obtained from romance fraud, business email fraud and a criminal conspiracy to defraud health care benefits programs.
According to information presented in court, Malachi Mullings opened 20 bank accounts in the names of fake companies from at least 2019 through July 2021.
Mullings used these accounts to launder millions of dollars in fraudulent proceeds from business email compromise schemes targeting health care benefits programs and private companies, as well as romance scams targeting many people, including seniors.
[DOWNLOAD: Free WSB-TV News app for alerts as news breaks]
Mullings engaged in financial transactions to conceal his illicit profits and used some of the money to buy luxury items, including luxury cars and jewelry.
In one instance, Mullings stole $260,000 in a romance scam involving an elderly victim, which he used to buy a Ferrari.
Mullings was sentenced to 10 years in prison followed by three years of probation.
He was also ordered to pay restitution to the victim.
He pleaded guilty on January 17, 2023 to one count of money laundering conspiracy and seven counts of money laundering-related offenses.
Trending Stories:
[SIGN UP: WSB-TV Daily Headlines Newsletter]
In other news:
This browser does not support the video element.
