The Federal Bureau of Investigation (FBI) and the U.S. Department of Housing have charged Nigerian national Christopher Adesoji Falade and his son, Emmanuel Falade, along with six others, for orchestrating a $202 million housing wire fraud scheme in Minnesota.
The group is accused of defrauding a program meant to provide housing services to vulnerable Americans.
According to authorities, the defendants registered individuals into the Housing Stabilization Services (HSS) program but failed to deliver any housing support.
Instead, they allegedly inflated participant numbers to fraudulently claim funds from the government.
The group led by the Falades is under scrutiny for siphoning up to $100 million, contributing to total losses exceeding $202 million for the Department of Human Services, with 80 service providers currently under investigation.
The scheme exploited a critical safety net intended for those battling homelessness and substance abuse, diverting funds meant for essential services.
The FBI continues its probe, with the defendants facing wire fraud charges that could lead to significant penalties if convicted.
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