Cryptocurrency Fraudster Jailed For Scamming Australian $5,576

The Economic and Financial Crimes Commission, EFCC, on Monday, March 27, 2023, secured the conviction of a cryptocurrency fraudster, Moses Upkonahusi for $5,576, (Five Thousand Five Hundred and Seventy-six United States Dollars) fraud.

This was disclosed in a statement issued on Friday by the EFCC Spokesman, Wilson Uwujaren.

Uwujaren said the cryptocurrency fraudster was first arraigned by the EFCC before Justice Mohammed Zubair of the Federal Capital Territory, FCT, High Court, Jikwoyi, Abuja, on a one-count charge bordering on cheating by impersonation.

The count reads: “That you, Moses Ukponahusi, Male, sometime in December 2021 at Abuja within the jurisdiction of this Honourable Court did cheat by personation when you fraudulently created a fake investment website named https://crytoinfinitrade.com, posed as chief Executive Officer of CRPTO INFINITE TRADE by which you obtained a total Bitcoin value of 0.11088059 worth the sum of Five Thousand, Four Hundred and Twenty-Four Dollars, Twenty-nine Cents ($5,424.29USD) from Adam Murah, an Australian and you thereby committed an offence contrary to Section 321 of the Penal Code Act, LFN, 2004 and Punishable Under Section 324 of the Same Act.”

He pleaded guilty to the charge.

The judge convicted the defendant and sentenced him to one-year imprisonment with an option of N300,000 (Three Hundred thousand Naira) fine.

The court also directed that the recovered sum ($5,576.9USD) be paid to the victim through the Australian High Commission in Nigeria.

The convict was arrested on 28 May 2022 after an Australian, Adam Murad, petitioned the Commission, alleging that he fell victim to a cryptocurrency investment fraud scheme that had promised him a huge return on investment but lost a cumulative sum of 0.1108859 BTC estimated to be worth $5,576.05,  to the scammer in December 2021.

In other news, Kanyi Daily reported that a former presidential aide to ex-President Goodluck Jonathan, Reno Omokri has expressed his concern over the whereabouts of President-elect, Bola Tinubu.