By: Richard L. Smith
A Virginia man has admitted to participating in a conspiracy to launder money stolen from victims across the United States through a series of romance scams, U.S. Attorney Philip R. Sellinger announced Tuesday. 
Nana Yaw Marfo, 39, of Alexandria, Virginia, pleaded guilty before U.S. District Court Judge Esther Salas in Newark federal court to one count of money laundering conspiracy.
According to court documents and statements made during the hearing, Marfo laundered money obtained through internet-based romance scams using various bank accounts opened under different business names.
Marfo received funds from victims and wired thousands of dollars to overseas accounts.
During the scheme, he handled approximately $4.7 million, fully aware that the transactions were intended to hide the proceeds of illegal activity.
The charge of money laundering conspiracy carries a maximum prison sentence of 20 years and a fine of up to $500,000, or twice the value of the funds involved, whichever is greater.
Marfo’s sentencing is scheduled for Feb. 4, 2025.