Following the extradition of Ghanaian business mogul Isaac Oduro Boateng, popularly known as Kofi Boat, over his alleged role in a $100 million romance scam, new details surrounding his case have emerged.

One may recall that on August 7, 2025, the Federal Bureau of Investigation (FBI) and the United States Department of Justice extradited Kofi Boat to the United States for his alleged involvement in a romance scam that defrauded victims of about $100 million.

After a year and two months since Kofi Boat's extradition, the United States Attorney’s Office for the Southern District of New York has noted that the Accra “Chairman” has pleaded guilty to charges levelled against him.

https://www.ghanaweb.com/GhanaHomePage/entertainment/Kofi-Boat-risks-spending-20-years-in-prison-if-found-guilty-FBI-document-reveals-1995569

According to the document sighted by GhanaWeb’s Joseph Henry Mensah, Kofi Boat pleaded guilty to his role in the international criminal organisation on October 29, 2026.

The document also noted that Inusah Ahmed, also known as Pascal, a co-conspirator in the $100 million scam, pleaded guilty on October 27, 2026.

“Today ISAAC ODURO BOATENG, a/k/a “Kofi Boat,” and INUSAH AHMED, a/k/a “Pascal,” pled guilty for their roles in an international criminal organization that stole more than $100 million from victims via romance scams and business email compromises.

“BOATENG pled guilty today, and AHMED pled guilty on October 27, 2026. Both defendants pled guilty to conspiracy to commit wire fraud before U.S. District Judge Arun Subramanian,” the document noted.

The document further detailed that Kofi Boat, who is being held responsible for defrauding victims of about $12.5 million, and Pascal, who is being held responsible for about $28.5 million, have both agreed to make restitution and pay forfeiture.

It detailed that Kofi Boat has agreed to make restitution and pay forfeiture, both in the amount of $12,529,213.98, while Ahmed has also agreed to make restitution and pay forfeiture, both in the amount of $28,574,002.

“BOATENG agreed to make restitution and pay forfeiture, both in the amount of $12,529,213.98. AHMED also agreed to make restitution and pay forfeiture, both in the amount of $28,574,002.”

According to U.S. Attorney Jamie McDonald, Kofi Boat, 37, and Pascal, 41, pleaded guilty to one count of conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison.

“BOATENG, 37, of Ghana, and AHMED, 41, of Ghana, each pled guilty to one count of conspiracy to commit wire fraud, which carries a maximum sentence of 20 years in prison,” he said.

Meanwhile, co-defendant and conspirator in the $100 million fraud scheme, Derrick Van Yeboah, has been sentenced to 85 months in prison, while co-defendant Patrick Kwame Asare, also known as Borga, remains at large.

“Judge Subramanian previously sentenced co-defendant DERRICK VAN YEBOAH, a/k/a “Van,” to 85 months in prison. Codefendant PATRICK KWAME ASARE, a/k/a “Borgar,” remains at large.”

Background

In June 2025, the FBI announced its investigation into Kofi Boat's business enterprise and its decision to extradite him over his alleged involvement in a $100 million romance scam, money laundering, and other crimes.

According to the FBI report, the suspects allegedly started defrauding their victims across the United States, including in the Southern District of New York, from 2016 to sometime in May 2023.

The institution indicated that Kofi Boat, Pascal, Van, Borgar, and their collaborators “wilfully and knowingly combined, conspired, confederated, and agreed together and with each other” to commit the crimes they have been accused of, including money laundering, wire fraud, and receiving stolen money.

The FBI document also contained correspondence between the accused persons, which showed how they allegedly shared some of the money they had stolen from their victims.

JHM/AM