Law Graduate Convicted over Ponzi Scheme - AMEBO ONLINE NEWSPAPER

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Law Graduate Convicted over Ponzi Scheme

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The Kaduna Zonal Command of the EFCC on March 14, 2022, secured the conviction and sentencing of one Ekuma-Ezeogo Fabian Tochukwu before Justice Darius Khobo of the Kaduna State High Court, for criminal misappropriation.

Trouble started for the defendant when he created a fake Facebook account using the name, Ogboi Ijeoma to defraud victims and lured one Duniya Precious Theophilu and her friends into investing N170, 000 in an online Ponzi investment Scheme called Jian Investment. After the payments, the defendant blocked the complainant from further communication.

Tochukwu, sometimes between the months of May and June, 2020, in Kaduna, dishonestly misappropriated the sum of N170,000 (One Hundred and Seventy Thousand Naira) only paid to him by one Duniya Precious Theophilus for Jian Investment, which he promised to give Hundred Percent interest of money paid as return on investment. The offence is contrary to Section 293 of the Penal Code of Law of Kaduna State, 2017 and punishable under Section 294 of the same Law.

The defendant pleaded guilty to the charge when it was read to him. 

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