Sandy Springs man sentenced to prison for laundering $4.5 million from business, romance schemes – WSB-TV Channel 2

Lina PortmanMay 26, 2024

0 1 minute read

ATLANTA — A Sandy Springs man was sentenced to 10 years in federal prison for laundering more than $4.5 million from romance fraud schemes and business email compromise schemes, including a criminal conspiracy to defraud a health benefits program.

According to information presented to the court, Malachi Mullings opened 20 bank accounts between 2019 and at least July 2021 in the name of a bogus company.

Mullings used these accounts to launder millions of dollars in fraudulent profits generated by business email compromise schemes targeting a health benefits program and private businesses, as well as romance scams targeting numerous individuals, several of whom were seniors.

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Mullings made financial transactions to hide the fraudulent products and used some of the money to purchase luxury items, such as expensive cars and jewelry.

In one case, Mullings stole $260,000 in a romance scam involving an elderly victim, which he used to buy a Ferrari.

Mullings was sentenced to 10 years in prison followed by three years of supervised release.

He was also ordered to pay damages to his victims.

He pleaded guilty to one count of conspiracy to commit money laundering and seven counts of various money laundering offenses on January 17, 2023.

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