Air Peace Boss Can’t Be Tried In Court of Public Opinion

Amidst various reactions that trails the indictment of Air Peace CEO, Allen Onyema, in alleged bank fraud and money laundering by the United States Department of Justice, it should be noted that pending conviction by court, Onyema is presume innocent.

it will be the prosecutor burden to prove the defendant’s guilty beyond a reasonable doubt at a court of competent jurisdiction not a media trial.

While Air Peace Boss has denied the allegations, the Justice Department also states that Onyema and his international airline’s Chief of Administration and Finance, Ejiroghene Eghagha, has case to answer.

According to the information contained in the charge signed by U.S. Attorney “BJay” Pak, Allen Onyema, and Ejiroghene Eghagha was charged with 27 counts of money laundering, and Eghagha was charged with one count of aggravated identity theft.

Onyema, and Eghagha, allegedly used a series of export letters of credit to cause banks to transfer more than $20 million into Atlanta-based bank accounts controlled by Onyema.

The letters of credit were purportedly to fund the purchase of five separate Boeing 737 passenger planes by Air Peace.

The letters were supported by documents such as purchase agreements, bills of sale, and appraisals proving that Air Peace was purchasing the aircraft from Springfield Aviation Company LLC, a business registered in Georgia.

However, the supporting documents were fakeSpringfield Aviation Company LLC, which is owned by Onyema and managed by a person with no connection to the aviation business, never owned the aircraft, and the company that allegedly drafted the appraisals did not exist.

Eghagha allegedly participated in this scheme as well, directing the Springfield Aviation manager to sign and send false documents to banks and even using the manager’s identity to further the fraud.

After Onyema received the money in the United States, he allegedly laundered over $16 million of the proceeds of the fraud by transferring it to other accounts.

Allen Onyema, and Ejiroghene Eghagha, were indicted on nineteenth of this month on one count of conspiracy to commit bank fraud, three counts of bank fraud, one count of conspiracy to commit credit application fraud, and three counts of credit application fraud.