Law Graduate Who Ran Away With Millions Belonging To An Investor Sentenced To 10-Year Imprisonment « CB
Ponzi Scheme: Regulation Graduate Who Ran Away With Hundreds of thousands Belonging To An Investor Sentenced to 10-12 months Imprisonment A Nigerian fraudster has been convicted by the Kaduna State Excessive Courtroom after he was arrested and arraigned by the Financial and Monetary Crimes Fee in Kaduna state. The conviction and sentencing of Ekuma-Ezeogo Fabian…
Ponzi Scheme: Regulation Graduate Who Ran Away With Hundreds of thousands Belonging To An Investor Sentenced to 10-12 months Imprisonment
A Nigerian fraudster has been convicted by the Kaduna State Excessive Courtroom after he was arrested and arraigned by the Financial and Monetary Crimes Fee in Kaduna state.
The conviction and sentencing of Ekuma-Ezeogo Fabian Tochukwu was pronounced by Justice Darius Khobo of the Kaduna State Excessive Courtroom, for legal misappropriation.
Bother began for the defendant, based on a press release from EFCC’s spokesman, Wilson Uwujaren, when he created a pretend Fb account utilizing the identify, Ogboi Ijeoma to defraud victims and lured one Duniya Valuable Theophilu and her pals into investing N170, 000.00 in a web based Ponzi funding scheme referred to as Jian Funding
After the funds, the defendant blocked the complainant from additional communication.
The amended cost reads: ”That you simply, Ekuma-Ezeogo Fabian Tochukwu, “M” generally between the months of Might and June, 2020, in Kaduna, throughout the jurisdiction of this Honourable Courtroom, dishonestly misappropriated the sum of N170,000.00(One Hundred and Seventy Thousand Naira) solely paid to you by one Duniya Valuable Theophilus for Jian Funding, which you promised to offer Hundred % curiosity of cash paid to you as return on funding, a pretence you knew to be false, and also you thereby dedicated an offence opposite to Part 293 of the Penal Code of Regulation of Kaduna State, 2017 and punishable underneath Part 294 of the identical Regulation”.
The defendant pleaded responsible to the cost when it was learn to him.
Upon his responsible plea, the prosecution counsel, Matiyak Yoshiya and the protection counsel Eli Mutum requested the courtroom to enter the plea discount settlement because the judgment of the courtroom.
Justice Khobo, thereafter convicted and sentenced the defendant to 10 (10) years imprisonment with possibility of N100, 000 nice.
The defendant had restituted the sum of N170, 000, being proceeds of the crime, to the complainant.
