A United States attorney has been arrested for attempting to defraud the Federal Government of Somalia (FGS) of more than $12.5 million.
Jeremy Wyeth Schulman, a 45-year old attorney in Maryland, was indicted by a federal grand jury of wire fraud, mail fraud, money laundering, and bank fraud.
The federal court heard that he tried to obtain control of Central Bank of Somalia assets worth hundreds of US dollars.
Schulman faced an 11-count indictment that stated he tried to access accounts frozen when Somalia fell into decades of political instability and civil war.
According to the charges, he presented forged and falsified documents to several banks in the United States.
Schulman reportedly committed these offences between 2010 and 2014.
However, his lawyers, led by Paul Butler, stated that prosecutors from the US Justice Department are “misinformed.”
Schulman’s lawyers believe that the investigators from the US Justice Department are yet to carry out thorough investigations into the matter.