A Belvedere fraudster who laundered almost a million pounds
in a year will spend more than six years behind bars. Babatunde Adu aka
TmoneyAdu or Alagapromoter was found to have a number of credit cards and
fraudulent documents at his home during a police raid in October last year.
The raid was part of a week-long initiative to tackle card
fraud, after intelligence suggested he had been using compromised cards to buy
electronic goods with a value of up to £15,000 to sell on.
Police research revealed the 38-year-old owner of Bigfoot
Records & Entz,
had a bank account which had been used in 2014 to receive
£50,000 from a romance fraud. Further analysis revealed a £900,000 turnover in
a bank account the previous year.
A trial at Inner London Crown Court found Adu guilty of
disguising criminal property on Tuesday, July 4, having already pleaded guilty
to converting criminal property, possession of a fraudulently obtained
identification document and fraud by false representation.
Detective Constable Damian Ward, of the Dedicated Card and
Payment Crime Unit (DCPCU), said: “Adu was a career fraudster who had falsely
obtained money through a variety of means and I am delighted with this
conviction."
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