EFCC arrests ‘Pinkoin’ investment scheme operator over ‘N32m fraud’

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The Economic and Financial Crimes Commission (officialEFCC) has arrested one Amos Omotade-Sparks for allegedly defrauding people to the tune of N32 million through the “Inks Nation Ponzi scheme”. Pinkoin

The anti-graft agency said Omotade-Sparks, a native of Badagry in Lagos State, was declared wanted in November 2020 for masterminding a “huge pyramid investment scheme”.

The agency noted that the suspect had floated an online digital currency, which he had urged people to invest in.The statement reads: “Omotade-Sparks, who hails from Badagry, Lagos State, was declared wanted by the EFCC in November 2020 after efforts to apprehend him failed. “He had floated a phony online digital currency called “Pinkoin”, which lured many Nigerians 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.

 

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