BRISK CAPITAL MD OFFERING 60% RETURN ON INVESTMENT ARRESTED OVER ALLEGED N2 BILLION FRAUD
The Police special fraud unit (PSFU) has arrested the Managing Director of Brisk Capital Limited, Dominic Ngene Joshua, for allegedly diverting investors’ funds worth over N2 billion.
Multiple reports indicate that Johsua was accused of tricking individuals to invest in Bitcoin, forex trading, real estate, and oil & gas with a promise of prompt and accurate 60% return on investment (ROI) per month on every sum invested, plus guarantee of the invested principal.
The police said Joshua lures victims on social media platforms such as Instagram, Facebook, and LinkedIn, as well as via newspaper publications where he claims to be a financial investor of repute that manages funds for individuals and companies.
It also noted that Joshua has confessed to the crime but pleaded to be given time to return the money.
The Police statement reads; “The funds, which belong to over 500 investors, were diverted to sponsor extravagant lifestyle, parties, exotic cars, luxury watches, real estates in Abuja, Lagos and Port-Harcourt.
“Some of the properties/items purchased with the diverted funds have been recovered as exhibits while the suspects will be charged to the Federal High Court as soon as the strike by Judiciary Staff Union of Nigeria (JUSUN) is called-off.”
The suspect is a 21-year-old indigene of Ebonyi state who operates the investment firm from Uyo, Akwa Ibom State capital.
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