There is a proverb that says “every day is for the thief, one day is for the owner of the house.”It means that when you are doing something fraudulent, it is possible to keep doing it until the day when it suddenly stops working. That was what happened to Invictus Obi and Hushpuppi.
An international fraudster, Obinwanne Okeke, better known as Invictus, who was once listed on the Forbes Africa 30 Under 30, was on Tuesday sentenced to 10 years in prison for his involvement in a computer-based intrusion fraud scheme that caused approximately $11 million in known losses to his victims.
Obi, who had investments in oil and gas, agriculture, private equity, alternative energy, telecom, and real estate, had operated his holdings under the ‘Invictus Group’ and had a presence in three countries including Nigeria, South Africa, and Zambia.
And how can we forget Ramon Abbas aka Hushpuppi, who lived a flamboyant lifestyle before he was arrested.
His flamboyant posts left a digital trail of evidence that investigators used to link him to the crimes, the affidavit shows.
He worked with multiple co-conspirators and was arrested along with 11 others. Investigators seized nearly $41 million, 13 luxury cars worth $6.8 million, and phone and computer evidence, Dubai Police said in a statement.
They uncovered email addresses of nearly 2 million possible victims on phones, computers, and hard drives, Dubai authorities said.
His alleged cybercrimes involved jaw-dropping amounts of money. Recall that a firm wired nearly $923,000(₦351,893,750.00) meant for a client’s real estate refinancing to a bank account controlled by Abbas and his co-conspirators.
The case against Hushpuppi is nothing compared to Obi who was sentenced to 10 years for $11 million fraud.
If Invictus Obi Can Be Sentenced To 10 Years In Prison For $11M Fraud, How Many Years Do You Think Awaits Hushpuppi?
Lets hear from you.