A 21-year-old, Joshua Dominic, has been arrested for defrauding 500 investors of over N2bn on the pretense of being a portfolio manager.
Dominic, the Managing Director/Chief Executive Officer, Brisk Capital Limited, was apprehended by operatives of the police Special Fraud Unit in Lagos State following petitions to the unit by several investors and discoveries upon discreet investigation.
The spokesman for the SFU, DSP Eyitayo Johnson, made this known via a statement on Tuesday wherein it was said that the major modus operandi of the young fraudster was to lure his victims on social media platforms such as Instagram, Facebook and Linkedin as well as via newspaper publications, claiming to be a financial investor, who manages funds for individuals and companies.
“The Special Fraud Unit, Lagos, has arrested the MD/CEO of Brisk Capital Limited, Mr Joshua Dominic, for allegedly diverting investors’ funds worth over N2bn.
“The victims were conned into investing in Bitcoin, forex trading, real estate and oil and gas with the promise of prompt and accurate 60 per cent return on investment per month on every sum invested, plus the guarantee of the invested principal,” the statement reads in part.