A Nigerian man, Osang Usie Otukpa, has been arrested by the Economic and Financial Crimes Commission (EFCC) for allegedly scamming 139 Australians out of $8 million through a fraudulent cryptocurrency investment scheme.
1. Aliases Used: Otukpa used multiple aliases, including Ford Thompson, Oscar Donald Tyler, Michael Haye, Jose Vitto, and Kristin Davidson, to carry out the scam.
2. Rogue Cryptocurrency Platform: The scam revolved around a rogue cryptocurrency platform named Liquid Asset Group, which Otukpa promoted extensively on social media.
3. Investment Lure: Victims were lured into investing in the platform, resulting in significant financial losses.
4. Proceeds Funneled: Proceeds from the scam were funneled into Otukpa’s bank accounts via a global cryptocurrency exchange platform.
Investigation and Charges
1. Investigations Ongoing: The EFCC revealed that investigations are ongoing, and Otukpa will be charged in court upon completion of the process.
2. Crackdown on Cybercrime: This development highlights the EFCC’s efforts to crack down on cybercrime and restore trust in financial systems globally.
Source: Vanguard
