The Economic and Financial Crimes Commission has arrested one Precious Omonkhoa for an alleged $200,000 (about N108 million) bitcoin investment scam.
Omonkhoa was arrested on November 8, 2021, in the Ikoyi area of Lagos, following credible intelligence received by the commission about his illegal activities.
He allegedly posed as Moshem Cinch, a Swedish national, to defraud unsuspecting victims of their hard-earned money by claiming that he runs a bitcoin scheme, where investors get huge returns.
A statement on Friday by the EFCC spokesman, Wilson Uwujaren, titled, ‘EFCC arrests man for $200,000 cryptocurrency fraud in Lagos,’ said the preliminary investigation also revealed that the suspect engaged in a dating scam and had defrauded two victims in Canada.
A statement on Friday by the EFCC spokesman, Wilson Uwujaren, titled, ‘EFCC arrests man for $200,000 cryptocurrency fraud in Lagos,’ said the preliminary investigation also revealed that the suspect engaged in a dating scam and had defrauded two victims in Canada.
The anti-graft commission said, “Upon his arrest, the suspect confessed to have laundered the proceeds of his fraudulent activities by purchasing a piece of land worth $150,000USD through bitcoin from CASA-Cubana, a project being run by the Cubana Group.
“The sum of $50,000 was found in his bitcoin wallet. The suspect will soon be charged to court.”
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