EFCC Nabs Fleeing Ponzi Scheme Operator, Omotade-Sparks In Sokoto
For allegedly operating an illegal Ponzi Scheme, a suspect, Omotade-Sparks Amos Sewanu, is currently cooling feet as the guest of Economic and Financial Crimes Commission (EFCC) in their Sokoto Zonal Office.
Omotade-Sparks, the operator of Inks Nation Ponzi Scheme, was finally nabbed by the anti-graft Agency on Thursday, May 27, 2021.
The suspect, who was at large before his arrest, has already made useful statements to the Commission.
A statement by the EFCC said Omotade-Sparks, an indigene of Badagry in Lagos State, was declared wanted in November 2020 after efforts to apprehend him failed.
According to the Commission, he is the alleged mastermind of a huge pyramid investment scheme that had many citizens defrauded of various sums to the tune of over N32 million (Thirty-Two Million Naira).
The statement explained that Omotade-Sparks floated a phony online digital currency called “Pinkoin” which lured many Nigerians to invest between N1,000 (One Thousand Naira) to N100,000 (One Hundred Thousand Naira) with a promise of unrealistic returns.
In the arrangement, he went ahead to distribute a payment card called “Pink Card” to further confuse his victims and so-called customers.
Furthermore, Omotade-Sparks made false claims of being in partnership with the anti-corruption Commission as a bait in persuading people to invest in his phony scheme.
The suspect, who is not licensed to operate a financial institution, is expected to be arraigned in Court soon when investigations are concluded.
In another development, eight suspected internet fraudsters have been arrested by operatives of the Lagos Zonal Office of EFCC.
The suspects are Tobiloba Aramide Ogundiyan, Samson Alabi Afolabi, Adebayo Dolapo Olumide, Daniel Boluwatife Akinwunmi, Moses Segun, Kelechi Thankgod Felix, Adeleke Godwin Tofunmi and Adewale Dayo Victor
Following credible intelligence received by the Commission on some individuals allegedly involved in computer-related fraud, their arrest took place on May 18, 2021, at River View Estate, Lekki, Lagos.
Items recovered from them upon their arrest, include; mobile devices, laptops, exotic cars and expensive jewelleries.
It was revealed during investigation that one of the suspects, Ogundiyan was also involved in money laundering.
The suspect, who acquired his ill-gotten wealth from internet fraud, layered the proceeds into bitcoin account and then integrated it by purchasing a Range Rover Vela P380 2018 model worth N44,000,000 ($97,626 USD in bitcoin) sometime in March 2021.
All the suspects have volunteered useful statements to the Commission and will be charged to Court soon, the EFCC said in its statement.
