Home News Russian, 2 Nigerians arrested for scamming victims of N3 billion in ponzi...
A Russian, Maxim Lobaty, and two other Nigerians, Austin Emenike and Dickson Nonso Onuchukwu in Lagos have been arrested by the EFCC for allegedly operating a ponzi scheme.
The trio were said to be operating Swiss Golden Investment, an online investment that purportedly deals in buying and selling of Gold Bars.
They were arrested after thousands of complainants claimed the company refused to pay them any dividend or pay them back their capital.
The EFCC’s findings also revealed Swiss Golden was based in Hong Kong and was designed to defraud innocent victims of their hard earned money.
The commission also found out that the company had defrauded over seven thousand Nigerians of over N3 billion.
After being drilled at the Commission’s Kano Zonal Office, Maxim and his co-suspects consented to the refund of the investment. Subsequently, a sum of N216.4 million was recovered.
Investigation into the alleged fraud is still ongoing and all efforts are being made to recover the money involved. The suspects would be arraigned in court following conclusion of investigations.