The United States Government has asked a US District Court, Northern District of Georgia to approve the forfeiture of approximately $14 million in assets from Allen Ifechukwu Athan Onyema, the CEO of Air Peace, following a recent superseding indictment.
This was contained in an indictment obtained for confirmation against him and his Chief of Administration and Finance, Ejiroghene Eghagha.
The indictment outlined serious allegations of fraud and money laundering against Onyema and Eghagha.
The indictment included multiple counts against the defendants: Count One alleges conspiracy to commit bank fraud, while Counts Two to Four detailed instances of bank fraud.
Count Five pertains to conspiracy to commit credit application fraud, followed by Counts Six through Eight for credit application fraud.
Additionally, Counts Nine through 35 address charges of money laundering.
If convicted of the offences outlined in Counts One through Five, the defendants will be required to forfeit any property derived from the alleged criminal activities, including significant sums held in bank accounts tied to their businesses.
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Specifically, the US Government seeks forfeiture of:
$4,017,852.51 from a JP Morgan Chase Bank account held by Springfield Aviation Inc.
$4,393,842.05 from a Bank of Montreal account, also associated with Springfield Aviation Inc.
$5,634,842.04 from another Bank of Montreal account linked to Blue Stream Aero Services, Inc.
The indictment further stated that if any of the forfeitable properties cannot be located, have been transferred, or diminished in value, the US intends to seek the forfeiture of other assets belonging to the defendants equivalent to the value of the forfeitable properties.
The legal actions are being pursued under the oversight of US Attorney Ryan K. Buchanan, along with Garrett L. Bradford and Christopher J. Huber.
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