Nigerian Convicted Of Multimillion-Dollar Fraud Scheme in United States
- A Nigerian national, Uche Victor Diuno, has pleaded guilty to his role in a fraud conspiracy scheme in the United States
- 57-year-old fraudster and his gang have targeted victims in over 20 countries, resulting in nearly $5.7 million in losses.
- Diuno deceived victims with false promises of lucrative investment opportunities and inheritances.
Legit.ng journalist Adekunle Dada has over 5 years of experience covering metro and government policy.
United States - Nigerian national, Uche Victor Diuno, has been convicted over his involvement in a sophisticated fraud conspiracy that targeted victims in over 20 countries.
According to the United States Attorney's Office, Attorney Alamdar S. Hamdani disclosed this on Thursday, February 1.
Source: Getty Images
Hamdani said the 57-year-old Nigerian was part of an international fraud ring that deceived victims with false promises of lucrative investment opportunities and inheritances.
PAY ATTENTION: Click “See First” under the “Following” tab to see Legit.ng News on your Facebook News Feed!
The fraud scheme resulted in nearly $5.7 million in losses.
According to Hamdani, Diuno and his accomplices posed as officials from prominent U.S. banks to lure victims into making payments under the guise of securing investment and money transfer agreements.
The fraudsters subsequently funnelled back the payments to orchestrators of the scheme in Nigeria.
Diuno, who pleaded guilty admitted to employing multiple aliases to enhance the credibility of the scam.
He explained that he ordered the distribution of the illicit proceeds, which included buying vehicles in the U.S. to ship to Nigeria.
According to Diuno, this is done following the scheme leader’s instructions.
US charges Nigerian billionaire with multimillion-dollar fraud
Meanwhile, Legit.ng reported that Nigerian billionaire businessman Mmobuosi Banye, also known as Dozy Mmobuosi, is facing fraud charges from the United States Securities and Exchange Commission. The SEC said Tingo Group, a pan-African agri-fintech innovator, lied about having $461.7m in its subsidiary Tingo Mobile's Nigerian bank accounts when it only had $50.
Mmobuosi operates three affiliated US-based entities, of which he is the chief executive officer — Tingo Group Inc., Agri-Fintech Holdings Inc., and Tingo International Holdings Inc.
According to the SEC, Mmobuosi is being charged with an alleged multi-year scheme to inflate the financial performance metrics of his companies and key operating subsidiaries to defraud investors worldwide.
PAY ATTENTION: Unlock the best of Legit.ng on Pinterest! Subscribe now and get your daily inspiration!
Source: Legit.ng
