Nigerian Scammers Still At Large with $50,000 In Bitcoin, According to Feds
Fraud in the cryptocurrency industry is one of the sorest subjects, and the recent theft at the hands of two Nigerian nationals has not helped the case. TNW Hard Fork recently reported on these two fraudsters that have managed to complete multiple Bitcoin investments scams, taking $50,000 in Bitcoin from the hands of investors. Even though the public would hope for some good news, the US authorities have still yet to capture the pair.
The two individuals, Onwuemerie Ogor Gift and Kelvin Usifo, are presently dealing with a 13-count indictment, which includes charges for conspiracy to commit wire fraud and money laundering. There is a total of 11 instances of wire fraud, based on reports from OregonLive.
The crimes came from a number of websites where Gift and Usifo promised that investors would get 20% to 50% returns on their investments with no risks. The process that the twosome claimed to use involved “unique trading methods,” but the Bitcoin was already going to the scammers’ wallets. After the transactions went through, Gift and Usifo then converted the cryptocurrency to the Nigerian Naira, according to prosecutors.
From December 2017 to June 2018, three people were targeted as the victims, who were from Oregon and California. During that time, the scammers managed to steal over 10 Bitcoin from the victims. However, the prosecutors are saying that the criminals actually have received over 50 BTC, though it is unclear if the holdings were procured through legal pathways or by other scams.
So far, while the authorities know the identities of the criminals, they have remained unsuccessful in locating them. Interpol’s help has been requested to help the feds find the pair, though this is hardly the first time that two crooks could potentially disappear and keep all of the funds.
There have been plenty of scams to plague the crypto industry, ranging from phishing to impersonating the authorities, to even creating full websites for nonexistent companies. Just like with fiat currency, if there is any money to be made, it is likely that these criminals will keep going after it.