U.S. Man Sentenced to 10 Years for Laundering Over $4.5M from Fraud Schemes

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In a crackdown on financial fraud, Malachi Mullings, a 31-year-old from Sandy Springs, Georgia, has been sentenced to 10 years in prison for laundering over $4.5 million. The funds were illicitly obtained through business email compromise (BEC) schemes and romance frauds, targeting a diverse array of victims, including a healthcare benefit program and elderly individuals.

Malachi Mullings orchestrated his fraudulent activities through The Mullings Group LLC, a sham company he used to open 20 bank accounts. Between 2019 and July 2021, these accounts served as conduits for the laundered money. The schemes Mullings and his co-conspirators engaged in included defrauding private companies and health care programs, and exploiting individuals through romance scams.

One particularly egregious incident involved laundering $310,000 intended as Medicaid reimbursement for a hospital, which was diverted through fraud. In another case, $260,000 from a romance scam was used to purchase a Ferrari. The fraudulent proceeds were also used to buy other luxury items, such as expensive cars and jewelry.

Mullings pleaded guilty in January 2023 to one count of conspiracy to commit money laundering and seven additional counts of various money laundering offenses.

CategoriesUS DOJ

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