Lovette Namatinga, a 32-year-old citizen of Cameroon, was arrested Monday October 14, by law enforcement officials for the theft of $141,008 — between February 26 and April 8 of this year — through computer transactions from a financial institution where he works.
The arrest was made by the FDIC Office of Inspector General agents at Dulles International Airport in Washington, D.C. on federal financial and wire fraud charges after defrauding a regional financial institution of $141,000.
Namatinga had been indicted Oct. 1 on charges he defrauded a financial institution.
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He will be arraigned in the Central District of Illinois in Urbana. He is in custody of the U.S. Marshals Service.
If convicted of the financial fraud, Namatinga faces up to 30 years in prison and a fine of up to $1 million for each count. If convicted of wire fraud, each count carries up to 20 years and a fine of $250,000.
The theft took place on four different occasions and the checks were sent in the amounts of $37,650; $41,200; $40,506; and $21,650.
Jason LeBeau, special agent with the FDIC’s Office of Inspector General, said email and phone scams perpetuated by foreign nationals have become a growing problem.
“These investigations are necessary and law enforcement is committed to discovering and catching these fraudsters,” he said.
Barely two months ago, the Federal Bureau of Investigations, FBIindicted 80 Nigerians in a ‘Sophisticated’ online fraud and money laundering scheme in California.
Several of such incident involving mostly Africans are reported regularly with the US Department of Justice estimating that billions of dollars are lost annually via such illicit means