EFCC Arraigns Man Over N320 Million Ponzi Scheme | Sahara Reporters

The Economic and Financial Crimes Commission has arraigned Uno Michael Eke, the registered trustee of Micheno Multi-purpose Cooperative Society, before Justice Simon Amobeda of the Federal High Court in Calabar, Cross River State, on a separate 74-count charge, for allegedly obtaining over N320 million by false pretence from his victims.

Eke allegedly defrauded his victims through a Ponzi scheme by inducing his victims to invest in his Swissgolden packages, through his company, Micheno Multi-purpose Cooperative Society, under the false pretence of paying them 80 percent return on investment within just 40 days. One of the charges against him read:"That you, Uno Michael Eke and registered trustees of Micheno Multi-purpose Cooperative Society on or about the 12th day of July, 2018 in Calabar within the jurisdiction of this honourable court, with intent to defraud, did obtain the sum of N47,000,000 from one Briggs Nimi Osim by inducing her to invest same into your Swissgolden packages through your Micheno Multi-purpose Cooperative Society Ltd, under the false pretence of paying her 80 percent as...

The defendant was remanded in prison custody, while the matter was adjourned until June 13, 2019, for the hearing of the bail application. It would be recalled that Eke had previously been arraigned by the EFCC on two separate charges of alleged fraud of N200 million and N301.2 million, respectively. He is currently in prison custody even as more victims of his Ponzi scheme continue to throng the anti-corruption agency's Uyo zonal office with petitions revealing how Eke collected money from one person to pay the other only to renege when he could no longer sustain his tricks.

Source: Loan Digest (loandigest.net)

Adeola0503 officialEFCC The investors are thieves themselves! How does one expect to get an 80% return on investment in 40days? If you have N47 million for such investment, you must have stolen it, not worked for it.

officialEFCC People like free money sha

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