Teenage scammer docked for $40m fraud

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Baiting Guru Joined: 27 Mar 2011 Posts: 21158

http://247nigerianewsupdate.com/teenage-scammer-docked-for-40m-fraud/

Quote:

The Economic and Financial Crimes Commission, EFCC, have arrested a suspected teenage internet fraudster, Tobechukwu Igbokwe, and his accomplice, Ifeanyi Obi for allegedly defrauding an American of $40 million.

Posted: Fri Nov 01, 2013 4:29 pm

Wait, what?! Shocked

An American? As in, singular?

And $40 million? As in 40 and six zeroes?

Please tell me I'm misunderstanding something here.

Baiting Guru Joined: 27 Mar 2011 Posts: 21158

According to the article the 40 mil is all from one American. There are several others named as victims in smaller amounts but this one guy is likely the only reason they did anything.

Posted: Fri Nov 01, 2013 5:25 pm

To me, it reads more like it was a claimed $40million inheritance and they only got charged with receiving $5,500 from that victim on that charge.

Quote:

One of the charges against Igbokwe and Obi read: “Tobechukwu Igbokwe (alias David Prince, alias John Emma, sometimes in the month of October 2011 in Lagos, within the Ikeja Judicial Division, with intent to defraud, obtained $800, $700, $200, $400, $200, $300, $500, $500, $500, $200 (totaling $5,500).

“Which sum you obtained separately from Michael Silva of the United States of America under false pretence that the money represent part payment for processing inheritance funds due him as a beneficiary of the fund and which pretence you knew was false.”

Posted: Fri Nov 01, 2013 5:44 pm

^^ Agreed. Otherwise, the victim would have paid out $40 million for...an even bigger inheritance! Shocked

I am really curious as to what prompts the EFCC to choose the cases they prosecute. What bad karma must one possess to be singled out by the EFCC from the thousands and thousands of available lads in Nigeria? Confused

Posted: Fri Nov 01, 2013 6:37 pm

Hold on now, I was in the works for $5 billiion, so maybe...?

$40 million seems like pocket change to be so rich.

Posted: Fri Nov 01, 2013 6:52 pm

I think the journalist(s) has misunderstood the court statement several sites mention defraud Michael Silva of $40 million.

Quote:

The victim was asked to send money to “process” the transfer and in the process, he wired $40m in several instalments through Western Union Transfer to Igbokwe and Obi.

As we all know at $5k a day it would take 8000 days or nearly 22 years to transfer that sum.

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