Dozens of victims sent more than $2 million by wiring money or depositing checks to accounts controlled by Agyemang, according to court documents.
Agyeman was originally indicted on 11 charges, including conspiracy to commit wire fraud, money laundering and engaging in monetary transactions with proceeds of criminal activity. The indictment said Agyemang also made false claims in a PPP loan application in April 2021, which provided him with more than $20,000 in COVID relief.
After he was charged federally in April 2024, Agyeman pleaded guilty to one count of money laundering stemming from a transfer of $32,000 of fraud proceeds from 2022.
Agyeman’s plea agreement recommends a sentence of up to 41 months in prison.
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