In today’s digital world, social media has become a powerful tool for connecting people across the globe.
However, it also serves as a platform where fraudsters can exploit unsuspecting individuals, often leading to devastating financial losses.
These online fraudsters are becoming more sophisticated, using deceptive tactics to lure victims into fake investment schemes.
EFCC Nabs Cyber Fraudster
One of such fraudster, Osang Otukpa, stands accused of defrauding 139 Australians of a staggering $AUD8,000,000.
Otukpa was apprehended by operatives of the Economic and Financial Crimes Commission (EFCC) on December 6, 2024, at the Murtala Mohammed International Airport in Ikeja, Lagos, as he arrived from the United States of America.
His Accomplice
According to a statement from the EFCC’s Head of Media and Publicity, Dele Oyewale, Otukpa used multiple accomplice.
This includes Ford Thompson, Oscar Donald Tyler, Michael Haye, Jose Vitto, and Kristin Davidson.
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“He scammed his victims by luring them through social media, encouraging them to invest in his fake cryptocurrency platform, Liquid Asset Group,” Oyewale explained.
The proceeds of these crimes were allegedly moved into Otukpa’s bank accounts via a global cryptocurrency exchange platform.
EFCC Investigation And Consequences
As the investigation continues, the EFCC has confirmed that Otukpa will face charges in court once the inquiry is complete.
Meanwhile, as authorities continue their investigation, the arrest of Osang Otukpa serves as a reminder that fraudsters will stop at nothing to deceive others for financial gain.
Therefore, it is crucial for individuals to be cautious, verify sources, and report suspicious activities to prevent becoming victims of such scams.
