The United States government has requested the District Court, Northern District of Georgia, to approve the forfeiture of approximately “$14 million” in assets from Allen Ifechukwu Onyema, CEO of “Air Peace,” following a recent superseding indictment.
The indictment outlines allegations of fraud and money laundering against Onyema and his associate, Ejiroghene Eghagha, who serves as Chief of Administration and Finance at “Air Peace.”
The indictment includes multiple counts: Count One alleges “conspiracy to commit bank fraud,” while Counts Two through Four involve instances of “bank fraud.”
Count Five pertains to “conspiracy to commit credit application fraud,” and Counts Six through Eight are for “credit application fraud.” Counts Nine through Thirty-Five address “money laundering.”
If convicted of the charges in Counts One through Five, the defendants must forfeit property gained through these alleged crimes, including substantial sums in business-related bank accounts.
The U.S. government specifically seeks the 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 linked to “Springfield Aviation Inc.,” and “$5,634,842.04” from a Bank of Montreal account associated with “Blue Stream Aero Services, Inc.”
The indictment states that if these assets are unavailable, the U.S. will pursue other assets of the defendants of equivalent value.
The legal case is being led by U.S. Attorney Ryan K. Buchanan, with Garrett L. Bradford and Christopher J. Huber.
On October 13, it was reported that Onyema and Eghagha had been initially indicted in 2019 on charges of “conspiracy to commit bank fraud,” “bank fraud,” and “money laundering.”
The scheme allegedly involved using falsified documents to purchase aircraft and laundering over “$16 million” in proceeds.
In response to these charges, “Air Peace Limited” stated that its legal team is engaged in the matter and working to ensure justice.
Onyema now faces new charges for allegedly “obstructing justice” by submitting false documents to halt an investigation into earlier bank fraud and money laundering charges.
Eghagha is also implicated in the obstruction scheme and faces additional charges tied to the original bank fraud counts.
This information was disclosed in a statement by the U.S. Attorney’s Office, Northern District of Georgia.
“After allegedly using his airline company as a cover to commit fraud on the United States’ banking system, Onyema, along with his co-defendant, allegedly committed additional crimes of fraud in a failed attempt to derail the government’s investigation of his conduct,” said U.S. Attorney Ryan K. Buchanan.
“The diligence of our federal investigative partners revealed the defendants’ alleged obstruction scheme, making it possible for the defendants to be held accountable for their aggravated conduct of attempting to impede a federal investigation.”
US Attorney Buchanan further revealed that Onyema is linked to a complex financial scheme.
According to the superseding indictment and court records, Onyema, founder of “Air Peace” (established in 2013), frequently visited Atlanta between 2010 and 2018.
He is accused of opening multiple personal and business bank accounts in Atlanta, through which over “$44.9 million” was allegedly transferred from international sources.
