S.F.: 2 men plead guilty to laundering millions from online phishing scams

By Bay City News

Two men have pleaded guilty to federal money laundering charges in connection with online phishing and business email compromise schemes that defrauded victims of millions of dollars, federal prosecutors announced on Thursday.

George Aboagye, 44, of Stone Mountain, Ga., entered his guilty plea Wednesday, while Dennis Jordan, 39, of Dallas, Texas, pleaded guilty on July 10, a press release noted.

Both were indicted in February 2024 and charged under superseding information earlier this month.

According to the U.S. Attorney’s Office, Aboagye admitted to laundering between $1.5 million and $3.5 million in fraudulent proceeds, including $922,445 stolen from a San Francisco company in 2019. The funds were obtained through a phishing email that tricked employees into wiring money to a fake company account controlled by Aboagye and others.

Jordan deposited a $20,000 cashier’s check linked to the scheme and admitted to laundering a total of $336,600 through accounts opened under fake business names. His offenses included receiving fraudulent funds from multiple victims and misusing a $220,000 Paycheck Protection Program loan to purchase a home in Dallas.

Both men remain in custody and are scheduled to be sentenced Sept. 24 by U.S. District Judge Rita F. Lin. Each faces a maximum of 20 years in prison and a $500,000 fine.

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