According to the superseding indictment, Nwosisi owns and operates a used car dealership in Indianapolis called Indyrides LLC. As part of his involvement in the conspiracy, Nwosisi receives international and domestic wire transfers from victims of the advance-fee scheme into his business bank accounts. Unfortunately for the victims, they believe their payments are necessary to receive their investment funding.
In typical fraud case form, Nwosisi utilizes the victims’ payments for his own personal gain. For example, Nwosisi pays himself a portion of the funds. Additionally, Nwosisi purchases vehicles that he then ships to the scheme’s perpetrators in Nigeria. Finally, and surprisingly, as financial institutions close his bank accounts for suspicious activity, Nwosisi continues to open new bank accounts. Nwosisi does this in order to continue his fraud scheme and receive payments from new victims.
