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$11m fraud: Invictus Obi pleads guilty, ‘faces up to 20 years in prison’ Read more at: https://www.vanguardngr.com/2020/06/11m-fraud-invictus-obi-pleads-guilty-faces-up-to-20-years-in-prison/



By Rasheed Sobowale Thirty-two years old Nigerian, Obinwanne Okeke (popularly known as Invictus Obi) has pleaded guilty to wire frauds that caused his victims $11 million. The United States (US) Department of Justice in a press statement on Thursday stated that Invictus Obi and other conspirators were engaged in a conspiracy from approximately 2015 to 2019 to conduct various computer based frauds. Forbes had in 2016 extolled Okeke, the Chief Executive Officer (CEO) of Invictus Group as one of its 30 Under 30 Africa’s Most Promising Entrepreneurs. The Forbes article announcing Invictus Obi in 2016 reads in part; “Invictus is in construction, agriculture, oil and gas, telecoms and real estate. He has 28 permanent and 100 part-time employees across nine companies.” The US Department of Justice, however, described his operation along with his conspirators thus; “the conspirators obtained and compiled the credentials of hundreds of victims, including victims in the Eastern District of Virginia and elsewhere. ALSO READ: Court orders permanent forfeiture of N280.5m linked to Invictus Obi “As part of the scheme, Okeke and others engaged in an email compromise scheme targeting Unatrac Holding Limited, the export sales office for Caterpillar heavy industrial and farm equipment. “In April 2018, a Unatrac executive fell prey to a phishing email that allowed conspirators to capture login credentials. The conspirators sent fraudulent wire transfer requests and attached fake invoices. “Okeke participated in the effort to victimise Unatrac through fraudulent wire transfers totaling nearly $11 million, which funds were transferred overseas.” Hinting on the probable punishment for his offence, the US department said he “faces a maximum penalty of 20 years in prison” while the judgement would be “on October 22”. “Actual sentences for federal crimes are typically less than the maximum penalties. A federal district court judge will determine any sentence after taking into account the US Sentencing Guidelines and other statutory factors.” Vanguard News Nigeria. Kindly Share This Story:FacebookTwitterEmailWhatsAppPinterestShare Related $11m Cyber Fraud: Court Forfeits Invictus Obi’s N280m November 21, 2019 Court orders forfeiture of N280m linked to Invictus Obi October 7, 2019 Court orders permanent forfeiture of N280.5m linked to Invictus Obi November 22, 2019 All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS. Download Vanguard News App.   Technical Feedback: whatsapp 08023469027   READ our Privacy-policy and cookie policy. READ ALSO: DJ Cuppy reveals how long she’s been dating Asa Asika Vanguard PROMOTED Siderz Entertainment Tackles Rape, Abuse In new Movie, 'Violated' A genius from Nigeria found a way to get rid of parasites forever! Read! Detox Edo: PDP risks losing out as it misses INEC deadline for Primary A genius from Nigeria found a way to get rid of parasites forever! Read! Detox Inspector General of Police orders DBanj’s probe over alleged rape COVID-19 related deaths in Lagos: Folasade Diya, Sen Osinowo, Muse A genius from Nigeria found a way to get rid of parasites forever! Read! Detox

Read more at: https://www.vanguardngr.com/2020/06/11m-fraud-invictus-obi-pleads-guilty-faces-up-to-20-years-in-prison/

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