PITTSBURGH, PA — A Ghanaian National and a resident of Florida have been indicted by a federal grand jury in Pittsburgh for money laundering, announced United States Attorney Eric G Olshan.
The one-count Indictment, returned on September 12, 2023, and unsealed on October 4, 2023, named David Kakra Mensah, 30, of Accra, Ghana, and Charles Wilson Stout, 65, of Ocala, Florida as defendants.
According to the Indictment, from April 2022 through June 2022, Mensah and Stout conspired to launder over $600,000 of fraudulent proceeds of a business email compromise scam that victimized an educational institution located in Washington, D.C. They opened a shell cooperation, multiple bank accounts, and multiple cryptocurrency accounts to facilitate their fraud. They subsequently transferred portions of the fraudulent proceeds into those accounts to conceal their true nature, location, source, ownership, and control.
The law provides for a maximum total sentence of not more than twenty years in prison, a fine of not more than $500,000.00 or both. Under the Federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offense and the prior criminal history, if any, of the defendant. Both Mensah and Stout remain detained pending trial.
Assistant United States Attorney Mark V. Gurzo is prosecuting this case on behalf of the government.
The Federal Bureau of Investigation conducted the investigation leading to the Indictment in this case.
Information, a criminal complaint, or an arrest is not a declaration of guilt. A suspect, arrestee, or defendant is presumed innocent until proven guilty in a court of law.
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