Amadou Kane Diallo, the CEO of two California-based companies, has been charged with 19 counts of wire fraud and two counts of money laundering in connection to a $1.8 million fraud scheme, according to DOJ Thursday.
Diallo allegedly caused 11 victims to invest in his companies, Virtual Advisors LLC and Liquide Inc., under the pretense that their money would be used for business opportunities in technology, health care, real estate, home ownership, and service to the African diaspora.
Instead, the Senegalese national allegedly used investment funds to make rent payments, pay for luxury vehicles, purchase clothes and fancy dinners, ...
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