DOJ: Jury Convicts Lake City Woman in $2.9 Million Fraud Case

• Graham stole approximately $2,.9 million from more than 1,000 victims through her fraudulent company, Grant Bae.
• Graham faces up to 20 years in prison for conspiracy and wire fraud offenses, and up to 10 years for each money laundering offense.

A federal jury convicted Treashonna P. Graham of conspiracy to commit wire fraud, multiple counts of wire fraud, and money laundering. Graham operated a company called Grant Bae, which falsely claimed to help minority business owners obtain government grants.

Graham charged fees to clients but never provided grant assistance, victimizing more than 1,000 individuals and stealing approximately $2,.9 million. She used the proceeds for personal purchases and gambling. Graham will be sentenced on January 19, 2027.

• 13 number of indictment counts
• more than 1,000 number of victims
• $2,.9 million amount stolen

• Review client relationships with Grant Bae for signs of fraudulent activity.
• Screen transactions involving Treashonna P. Graham and Joey Williams for wire fraud and money laundering typologies.
• Monitor for similar schemes targeting minority business owners as described in the DOJ indictment.

This case highlights the importance of thorough due diligence and transaction monitoring for companies claiming to assist with government grants, especially those targeting minority business owners. The large number of victims and substantial amount stolen underscore the risks of wire fraud and money laundering schemes. Compliance officers should be alert to similar typologies and ensure robust controls to detect and report suspicious activity, as enforcement actions and penalties can be severe.