EFCC Arrests Fleeing Operator Of Ponzi Scheme, InksNation, Months After He Was Declared Wanted

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EFCC Arrests Fleeing Operator Of Ponzi Scheme, InksNation, Months After He Was Declared Wanted

EFCC Arrests Fleeing Operator Of Ponzi Scheme, InksNation, Months After He Was Declared Wanted

The Economic and Financial Crimes Commission, Sokoto State Command, has arrested a Ponzi scheme operator and founder of InksNation, Omotade-Sparks Amos Sewanu, six months after he was declared wanted.

Omotade-Sparks who hails from Badagry Lagos State was declared wanted by the EFCC in November 2020 after efforts to apprehend him failed. He is the alleged mastermind of a huge pyramid investment scheme through which many citizens were defrauded of monies to the tune of over Thirty-Two Million Naira.

EFCC Arrests Fleeing Operator Of Ponzi Scheme, InksNation, Months After He Was Declared Wanted

Omotade-Sparks had allegedly floated a phony online digital currency called “Pinkoin” which lured unsuspecting members of the public to invest between One Thousand Naira to One Hundred Thousand Naira with a promise of unrealistic returns and went ahead to distribute a payment card called “Pink Card” to further confuse his victims. Omotade-Sparks is accused of making false claims that he was in partnership with the EFCC to persuade people to invest in his devious scheme.

Omotade-Sparks was not licensed to operate a financial institution.

A statement released by the antigraft agency says he was finally arrested on Thursday, May 27, 2021, and has made a useful statement.

He is to be arraigned in court as soon as the investigation is completed.

The post EFCC Arrests Fleeing Operator Of Ponzi Scheme, InksNation, Months After He Was Declared Wanted appeared first on NEWS.

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Aminat Aigbe
Aminat Aigbe is the first lady of afronaija and a very good blogger ( Original Mrs AfroNaija )

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