Crime News
Russian & 2 Nigerians Behind Swiss Golden Investment Ponzi Scheme Arrested, N216 Million Recovered
The EFCC, has recovered a total of N216,402,565.05 (Two Hundred and Sixteen Million, Four Hundred and Two Thousand, Five Hundred Sixty Naira, Five Kobo) only from Swiss Golden Investment, an online investment that purportedly deals in buying and selling of Gold Bars.
The recovery was sequel to a petition the Commission received from thousands of complainants who alleged that they invested in Swiss Golden Investment which was advertised as an online investment that deals with buying and selling of Gold Bars.
The petitioner further alleged that after investing over a billion naira into the business, the company refused to pay them any dividend or pay them back their capital. Upon receipt of the petition, the Commission invited the petitioners and they volunteered statements.
Through intelligence, the Commission picked up one Maxim Lobaty, a Russian and two Nigerians: Austin Emenike and Dickson Nonso Onuchukwu in Lagos.
The trio were subsequently conveyed to the Kano operational zone of the EFCC for further investigation.
Swiss Golden which is headquartered in Hong Kong was discovered through investigation to be a Ponzi scheme that was designed to defraud innocent victims of their hard earned money.
After being drilled at the Commission’s Kano Zonal Office, Maxim and his co-suspects consented to the refund of the investment.
Subsequently, a total sum of N216, 402,565.05 (Two Hundred and Sixteen Million, Four Hundred and Two Thousand, Five Hundred Sixty Five Naira) only have now been recovered.
However, while the investigation was on going, it was discovered that, Swiss Golden Company Limited has defrauded over seven thousand Nigerians to the tune of over N3,000,000,000 (Three Billion Naira) only.
Investigation into the alleged fraud is still ongoing and all efforts are being made to recover the money involved and the alleged suspects be brought to justice.
Mon
April 17, 2018 at 6:03 AM
It’s easy for you people to crack down on private citizens in respect to fraud, but government officials making life more miserable to everyone are left to be moving around freely
DB
April 17, 2018 at 10:03 AM
Since Nigerians refuse to learn, ponzi scheme will never stop
uzom
April 17, 2018 at 7:35 PM
“ABUJA – The Federal Government, on Tuesday, withdrew the two-count criminal charge it filed against the Director of Finance and Account in the Federal Ministry of Power, Works and Housing, Mr. Ibrahim Tumsah over his alleged failure to declare his ownership of 86 exotic cars.” I read this in the papers today. It is our government that encourages fraud in Nigeria. Like @Mon and DB said how can the government crack down on private citizens and allow government officials and politicians who are stealing the country blind to move freely. Mr. Ibrahim Tumsah must have greased some palms. If the two Nigerian citizens arrested have greased some palms they could have gone free. I am not in support of any kind of fraud but he who comes to equity must do so with clean hands. This administration is fighting corrupt people in PDP while allowing the more corrupt people in APC free from investigation. There are people from the North that are importing arms and nothing is happening to them but someone from another part of the country does something he is arrested.