Canadian man convicted in international credit card scheme ordered to pay back $1.5 million

Industries Associated Press

It took nearly eight years from the time a Toronto man was arrested in a massive credit card fraud scheme, but a federal judge has figured out how much each victim is owed.

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Adekunle Adetiloye (aw-duh-KUHN-lee aw-duh-tuh-LOH'-ee) pleaded guilty earlier to mail fraud and was sentenced to 18 years in prison. Authorities say he stole the identities of about 38,000 people in order to bilk dozen of banks.

U.S. District Judge Ralph Erickson ruled earlier this month that Adetiloye should pay about $1.5 million in restitution and forfeiture. Adetiloye is appealing the ruling.

Prosecutors say Adetiloye was the leader of an international scheme that involved fake debt-collection agencies.

It's not clear whether any of the victims will be paid. Adetiloye's lawyer would not comment on his client's financial situation.