Man arrested for $200,000 Cryptocurrency Fraud in Lagos
![Man arrested for $200,000 Cryptocurrency Fraud in Lagos](https://thesparklightng.com/wp-content/uploads/2021/11/Precious_Ofure_Omonkhoa.jpg)
By our Reporter
A man with name,Precious Ofure Omonkhoa has been arrested by Operatives of the Economic and Financial Crimes Commission, EFCC, Lagos Zonal Command, for an alleged bitcoin investment scam.
![](https://thesparklightng.com/wp-content/uploads/2021/11/Precious_Ofure_Omonkhoa.jpg)
Omonkhoa was arrested on November 8, 2021 in the Ikoyi area of Lagos, following credible intelligence received by the Commission about his illegal activities.
He allegedly posed as Moshem Cnich, a Swedish national, to defraud unsuspecting victims of their hard- earned money by claiming that he runs a bitcoin scheme, where people invest money to make huge returns.
Preliminary investigation also revealed that the suspect engaged in a dating scam and had defrauded two victims in Canada.
Upon his arrest, the suspect confessed to have laundered the proceeds of his fraudulent activities by purchasing a piece of land worth $150,000USD (One Hundred and Fifty Thousand United States Dollars) through bitcoin from CASA-Cubana, a project being run by the Cubana Group.
Upon his arrest, the sum of $50,000USD was found in his bitcoin wallet.
The suspect will soon be charged to court.