21year old Dominic Ngene Joshua whom we learnt is the Managing Director/Chief Executive Officer of Brisk Capital Limited has been arrested by the Special Fraud Unit, Lagos for allegedly diverting investors’ fund worth over N2 billion.
Joshua, we gathered is an indigene of Ebonyi State but operates from Uyo, Akwa Ibom State.
He was arrested following petitions to the unit by several investors.
We learnt Joshua lures his victims via social media platforms such as Instagram, Facebook and LinkedIn, as well as newspaper publications where he claimed to be a financial investor that manages funds for individuals and companies.
Victims were conned to invest in Bitcoin, FOREX trading, real estate and oil and gas, with a promise of quick and 60 per cent Return On Investment per month on every fund invested.
Funds belonging to over 500 investors were diverted to sponsor extravagant lifestyle, exotic cars, luxury watches, real estates in Lagos, Abuja and Port Harcourt.
The suspect we gathered has confessed to the crime. However, he pleaded to be given time to return the monies.
Meanwhile, the Special Fraud Unit (SFU) said some of the properties and items purchased with the diverted funds have been recovered from him, and he will be charged at the Federal High Court soon.