Georgia man sentenced to prison for money laundering


Date: March 9, 2021


DAVENPORT, IA — On Friday, March 5, 2021, Edoghogho Collins Oloton of Sandy Springs, Georgia, was sentenced by United States District Court Judge Rebecca Goodgame Ebinger to 24 months in prison for conspiracy to commit money laundering in connection with a scheme to obtain federal tax refunds by fraud using the identification information of dozens of University of Iowa employees announced Acting United States Attorney Richard D. Westphal. Oloton was ordered to serve three years of supervised release following his prison term and pay $100 to the Crime Victims' Fund.

Oloton worked with others to launder dozens of money orders purchased with the proceeds of the fraudulently obtained tax refunds. More than $60,000 from tax refunds of University of Iowa employees was obtained fraudulently through this scheme. More than $1,400,000 in fraudulently obtained funds passed through bank accounts associated with the scheme in February, March, and April of 2015. In April 2015, Oloton purchased a 2014 Mercedes-Benz, E-class, convertible with the proceeds of the fraud.

"Today's sentencing reflects how seriously the courts take federal tax crimes. Mr. Oloton was knowledgeable of the Stolen Identity – Refund Fraud Scheme and illegally obtained the proceeds of the fraud for his own benefit. The Internal Revenue Service – Criminal Investigation will continue to aggressively pursue others who engage in this conduct," stated Acting Special Agent in Charge David Talcott.

Acting United States Attorney Richard D. Westphal stated, "In collaboration with our IRS partners, this prosecution shows we will hold accountable those like Mr. Oloton who use tax refund schemes to defraud the citizens of the Southern District of Iowa for personal gain."

This investigation was conducted by the Internal Revenue Service – Criminal Investigation and the case was prosecuted by the United States Attorney's Office for the Southern District of Iowa.