Connect with us

    Hi, what are you looking for?

    News

    FCT court jails man for defrauding American of $115,000 in bitcoin scam – Ravenewsonline

    Federal Capital Territory (FCT) High Court sitting in Jabi, Abuja has convicted and sentenced one Praise Humphrey Igbo (a.k.a) Jessica Allen to one year imprisonment for fraud amounting to $115,000.

    Humphrey who was prosecuted by the Economic and Financial Crimes Commission (EFCC) on a one-count charge, bordering on internet crime, criminal impersonation, was convicted by Justice H.L Abba-Aliyu on Wednesday, December 11, 2024.

    The convict was said to had obtained money under false pretence and money laundering to the tune of $115,000 (One Hundred and Fifteen Thousand United States Dollars).

    Igbo’s journey to the Correctional Centre started when a petitioner, East Baton Rouge Parish (Aaron Bakker), an American, alleged that the convict pretending to be one Jessica Allen, a purported crypto investor, stole $115,000 worth of Bitcoin from him on Blockchain.com after presenting an investment opportunity to him, which turned out to be fake.

    His charge reads: “That you, Praise Humphrey Igbo sometime in 2022 in Abuja within the jurisdiction of this honorable court, with intent to defraud, did cheat by pretending to be one Jesisca Allen, a successful crypto currency trader in the United State of America and in that assumed character, fraudulently obtained 5.26 Bitcoins worth One Hundred and Fifteen Thousand United State Dollars ($115,000) by false pretence, property of Aaron Baker, thereby committed an offence contrary to Section 321 of the Penal Code Act Abuja, Cap 532 LFN 2004 and punishable under Section 324 of the same Act.

    He pleaded “guilty” to the charge when it was read to him upon which the prosecution counsel, M.K Hussain prayed the court to convict and sentence him accordingly.

    Justice Abba-Aliyu convicted and sentenced him to one year imprisonment or to pay a fine of one million naira (N1,000,000).

    She further ruled that the sum of $16, 110 and $67,487.79 worth of cryptocurrency recovered from him and the money in his bank account be used to restitute his victim through the American Embassy.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Oil and Gas

    Leading oil and gas experts in Nigeria have called for the full adoption of digital technologies to overcome the complex challenges facing the country’s...

    News

    Russia’s Finance Ministry announced on Wednesday, September 24, that it plans to raise the country’s value-added tax (VAT) to help finance the ongoing war...

    Tech

    Lagos State has reaffirmed its position as Africa’s leading technology and innovation hub following the successful hosting of the GITEX Nigeria Tech Expo, Future...

    News

    The United States has reversed its visa restrictions on Ghana after the West African country agreed to accept west Africans deported by the United...