31-Year-Old Nigerian, Tochukwu Edeh, Set To Face 20 Years In United States Prison For Ponzi (SEE PHOTOS)

A 31-year-old Nigerian,Tochukwu Edeh, is ready to face 20 years in jail in the USA after being indicted for an internet funding scam.

31-year-old Tochukwu Edeh was charged by the U.S Division of Justice for allegedly involving himself in an internet funding fraud scheme.

Edeh carried out the operation by working an unlicensed cash switch enterprise.

Edeh was charged with one rely of fraud in a Boston courtroom. He was additionally lately charged with a prison criticism and has been held in police custody since he was apprehended on September 2, 2021.

In accordance with the assertion launched by the U.S Division of Justice, Edeh was into the enterprise of foreign money switch companies and used automotive dealerships in Texas, Florida, and Nigeria.

Edeh managed a cryptocurrency and an eCommerce agency which have been based mostly in Nigeria.

In accordance with the indictment, Edeh alongside others have been concerned in a Ponzi-style scheme in Nigeria the place they promised funding and Bitcoin funding companies. As a substitute, they used the cash from the traders to pay those that had invested earlier.

The cash conspiracy cost is related to a 20 12 months jail sentence.