Newphiligeek123: Charles DeBono, a 63-year-old Barrie, Ontario man who defrauded hundreds of investors out of millions of dollars will have to pay back $26.9 million in restitution after he was handed a seven-year sentence today.
Approximately 515 people, mostly from Nigeria but also in Canada lost a combined $29 million, leading some to lose their life savings and retirement incomes between 2012 and 2017.
The Nigerian Victims They did their due diligence and looked into the business opportunity before investing. They lived in Nigeria and found nothing — no red flags, no bad history, no indication of what actually lay ahead.
In the end, the Nigerian investors lost thousands of dollars in what they later learned was one of Ontario’s largest frauds. An investor from Nigeria told the Canadian police how he lost US$80,000— money he had earned investing in the petroleum sector.
'For me, I didn’t expect this type of thing to happen in Canada. It’s a developed country,' “I checked everything. In fact, it took me one year before deciding,” he declared at the Barrie, Ontario courthouse. “I was asking people, checking.” Even the online reviews, he recalled, were very good.
Other colleagues in Nigeria had also invested. He said there were a lot of investors from Nigeria.
The Nigerian man believes that some of the early investors recovered their money in full — which would explain the positive online reviews that, at the time, encouraged others to throw their money DeBono’s way.
The Fraudster DeBono sold fake investments in a point-of-sale terminal ownership program in what police said was nothing more than a Ponzi scheme. When banks started shutting him down in 2017, he fled to the Dominican Republic with millions of dollars as well as hundreds of thousands of dollars worth of cars and other assets.
The Barrie man had no criminal record and held regular middle-class jobs, including in the local used car industry, before creating KIS Media Ventures in 2012, which served as an umbrella organization for illicit companies, including Debit Direct and Business Partners Ventures Inc.
Using fake brochures and elaborate sales messages, DeBono used sales agents and sold his scheme on websites and at trade and franchise shows across the country, according to an agreed-upon statement of facts filed with the court.
Those recruited to sell believed they were selling a legitimate business opportunity. The point-of-sale terminals were to be placed in high-volume businesses across Canada and the investors were to receive 15 cents per transaction in monthly payouts.
Once he secured clients who thought they were investing in the machines, he sent them monthly financial statements and even dividend cheques in the early days.
However, the returns on the terminals were actually being funded by new investor deposits.
Crown prosecutor Ted Ofiara earlier told the court there was no evidence that any machines were ever placed in businesses and likely the only scanning machines linked to DeBono were the ones he displayed to sell that became a Ponzi scheme.
I paid for it 1.4m, gave the ford mechanic 8k to service it (Nozzle and oil change), and also bought gear oil and engine oil. Then I gave it a small body wash. Good buy. Congratulations bro!
In all, I spent about 1,430,000. Now vehicle speeds like mad, and is a Rear wheel drive.
So all I need to do is panel beater work. I'm budgeting like 200k for it.
So all in all, this vehicle at 1,630,000 is an excellent buy.
so that's how am going to pay an okada man for a distance of #100? Meanwhile, he doesn't have an internet compliant phone. These people don't see beyond their noses.
slawormiir: Damnnn niggar Isoright... I don't know if mermaid are real But I love that their shape and look....
Slim in a very attractive way...gracefully stylized.. mysteriously slick....beautifully bare and simple I just love them naturally...
It has affected my way of life....to the extent that most times I always prefer slim women.... But make them return the mermaid o..before the full family go begin invade us...."invasion of humans by mermaid "
as far as I long to see your posts here, this one, no be am at all.
perez100: Looks like old video of done years back?
you might be right. But am sure you are in the comfort of your room. They are there families far apart. Yet we are sleeping in our bedrooms, they are sleeping in trenches or make shift camps. Let's appreciate them instead of typing what year a picture was taken. The military is there for anyone to join. I come in peace. So I type, 'shalom'
3 man gang. Two went for the operation. One of the two shot the pastor's son and ran away. Therefore none has been arrested. Then how did they get the information that they were three but two went to for the operation?
Igbofam: Ukrainian President Volodymyr Zelenskiy on Monday said he had signed an official request for Ukraine to join the European Union.
Zelenskiy has asked the European Union to allow Ukraine to gain membership immediately under a special procedure as it defends itself from invasion by Russian forces.Putin is the president of Russia. Zelensky is the Ukrainian president. Why is Putin trying to usurp? President Putin is power drunk. A drunk will not reason with his right senses. Haba, dey your dey make Zelensky dey him dey. My opinion.
Nonpartisan1: Just look at how empty a morning flight is. 50k! 100% increase in air ticket.
When I said the Airlines would suffer especially Green Africa, United Nigeria, aero contractors etc, if they went ahead to follow the bigger players in this price harmonization, people were attacking me..
Now see this
bro na charter you charter the flight. Lolzzz. Thank God you landed safely. Nothing is working well. We shall soon be emancipated.
if he really said this,then, he has just trippled his foolery. His days are numbered. Then, we will celebrate his going back to Daura if he makes it there. Agbaya aki dani dani.
JoyReportsOnlin: Jenny Slimzy has taken to her Facebook page to share the heartwarming action she took to meet the desperate needs of her husband.
During her Livestream Broadcast, the young woman revealed that her husband borrowed a huge amount of money to purchase some properties needed for the new apartment they moved into so that the family will enjoy a comfortable life.
However, the family who is currently living in Vienna, Austria, has been finding it difficult to clear the over 3 years loan they took from the bank to foot the bills of their new residence.
Jenny stated; “he borrowed some money from the bank. He bought the house things we are using in our apartment. He just wants to put everything together to make sure we are comfortable when we come. Ever since we came my husband has been paying for this bill. He has paid for this bill for over 3 years now.
I was praying to God that God should bless me to bless him because I was thinking maybe when I come here I’m going to start work and help him in one way or the other. But when I moved in here I find out that for me to even talk of work, I must learn the language.
God did it for me so I started getting money. As I am getting money I am also saving because I want to put a smile on my husband’s face. I don’t know how to go about paying this money. So what I did, I told him to go to the bank and get the details, let us know how much you have paid. I did that because I want to get the whole information.
Last night I went to his file then I brought it out and went through it. I saw that he is owing Two Thousand, Nine Hundred Euros (€2,900:00.). I then paid the money this morning. In fact, I cleared my husband’s bill this morning. Let’s see his reaction.”
The lady then set the camera on standby, called on her husband, and revealed to him that she has paid the debt by showing him proof of the online transaction.
On seeing this, the husband shouted in excitement as he broke down in tears and started praising God for giving him an amazing woman.
“Is not about the money. A lot of things have changed,” the husband said.
His wife further advised the ladies to form the habit of assisting their husbands to ease them of the stress.
abobote: I hate hearing that name, Jabi. It was around that Jabi that 419 people duped me of all my savings (50k) in 2005. That looks like small money now, but I nearly committed suicide as result. Thank God, no life was lost
thank God you are alive to tell the tale. God will continue to keep you and us all.
same police has complained that there has been a low turnout of applicants from the south west in the on going recruitment exercise. What else do you expect? Will ghosts apply? When you are killing them daily. My opinion though.
ibibiogrl: The Best Uniforms at the 2022 Winter Olympics Opening Ceremonies. Nigeria Team Nigeria blended tradition with practicality when choosing their uniforms. The delegates represented their country wearing green and white uniforms, each sporting a head wrap. The uniforms were created by black-owned sports apparel brand Actively Black. The parade of nations in the Winter Olympics is really the parade of puffers. Unlike the Summer Games, cold weather means less room for fashion. Still, some countries tried their best Accessories were the easiest way for most countries to stand out. The Nigerian athletes eschewed beanies and bobble knits for traditional wrap hats. SOURCE; People Magazine: https://images.app./hSbxp1wxLyP9gUZz9 The New York Times: https://images.app./nEFV9U2gRBnS1qq16
so my sweat, the tax I pay monthly is spent winning 'fashion: in sports? So the medals for the major events should be won too.
AdesewaAde: Things wey fit turn around for good in the twinkle of an eye,story fit change in just few seconds but they will just think pass one direction and conclude say dem wan die.
Let me not deceive you,this life is sweet,your present difficulties is just a phase,trust me it won’t last long
I love this. At the end of the tunnel, there is a light. God bless you.
Maxymilliano: My problem here is how the place is referred to as a General hospital, why is the hospital not functional and how did they just confirm the people there are kidnapped victims ?
I tire o. A general hospital that has just been discovered. The word 'general' is out of place.
presidency: The Board of the Nigerian National Petroleum Company Limited was inaugurated by President Muhammadu Buhari last week. Two names were very prominent in the assemblage: Margery Chuba Okadigbo, the Chairman, and Constance Harry Marshall.
The presence of the personalities gives more than an inkling into the character of our President. It confirms what some of us had always known. Muhammadu Buhari never forgets a good turn. He repays every kindness, every justice done to him, as much as it lies in his power.
When you show kindness to the living, it is a good thing, something to applaud. But when you go further to do the same to the dead, it is something that places you on a very high pedestal; a man to be emulated, acclaimed, a blessed of the Lord.
Hear what the Good Book says: “Blessed be he of the Lord, who has not left off his kindness to the living and the dead.” (Ruth 2:20).
Examples abound of many people serving in government today, who are there at the behest of the President. Their paths had crossed at one time or the other, they did him a good turn, showed him loyalty, faithfulness, and many years later, one good turn deserved another.
Before we dwell on Margery Okadigbo and Constance Harry Marshall, let’s consider what the President did to two jurists, who had given bold and fair judgments in the many litigation processes the then Candidate Buhari got involved in, on his way to the Presidency.
In 2003, his first shot at the country’s number one seat, the electoral umpire gave victory to Olusegun Obasanjo of the People’s Democratic Party, over Muhammadu Buhari of the All Nigerian People’s Party, ANPP. Buhari and his party went to court, and the Court of Appeal upheld the electoral victory of Obasanjo, the then sitting President.
But there was a man who gave a dissenting judgment. He was Justice Sylvanus Nsofor, from Oguta, in Imo State. In nullifying the election results, he declared: “I find that the substantial non-compliance with the mandatory electoral law amounts to no election. I also find that there was violence perpetuated by President Obasanjo. May Nigeria never and never again see a black Saturday like April 19, 2003.”
Justice Nsofor is Igbo. Buhari is Fulani. But justice knows neither race nor ethnicity. He ruled according to his conscience, though it was a minority judgment, which did not succeed in overturning the election results.
But what did Buhari do? Fourteen years later, when Nsofor was 82, and long retired, the President nominated him as Ambassador, and posted him to the United States of America. The Senate first balked, citing the man’s age, but the President re-presented him. Eventually, Justice Nsofor served in America from 2017, and died in 2020. Two times I met with him in the USA. What always struck me was his firm, strong handshake, and the quality of his mind. If you are healthy and strong, age does not truly matter. Age doesn’t mind, if you don’t mind it, goes the saying.
A second example. Anther jurist, this time, of the Supreme Court. George Adesola Oguntade. In 2007, Candidate Buhari felt shortchanged again, in the election in which Umaru Yar’Adua was declared winner. The victor himself confessed that the election was flawed. The case went as far as the Supreme Court, where the majority ruling gave victory to Yar’Adua and the PDP. But Justice Oguntade would have none of it. He upheld Buhari’s appeal, cancelled the polls, and ordered a rerun. But it was also a minority judgment.
What did Buhari do again? Ten years later, with Oguntade long retired, the President picked him as High Commissioner to the United Kingdom. Showing kindness to the living, and rewarding their good deeds.
Many other of such examples abound, but let’s go to the flip side. Showing kindness to the dead.
In his first outing in 2003, Buhari ran with the former Senate President, Dr Chuba Okadigbo, as vice presidential candidate. They both challenged the result of the election, and were determined to get justice. But in September of that year, Okadigbo died. Very painful.
Now, 19 years later, who has Buhari made Chairman of the NNPC Ltd Board? Margery, Okadigbo’s widow. “Blessed be he of the Lord, who has not left off his kindness to the living and the dead.”
What of Constance Harry Marshall, a relation of Marshall Sokari Harry, a political ally of the then Candidate Buhari in ANPP in 2003. A day before Buhari would flag off his campaign in Port Harcourt, Rivers Sade, Marshall, who had decamped from PDP to become National Vice Chairman of ANPP, was assassinated. Painful. And those truly behind the murder were never known.
Today, 19 years later, Constance Harry Marshall is on the NNPC Ltd Board. Yet, ignorant people say evil of this President. He’s a tyrant, wicked, unforgiving. Really? “Blessed be he of the Lord, who has not left off his kindness to the living and the dead.”
The lesson: Let us not be quick to condemn what or who we don’t know or understand. President Buhari is strict, unbending on certain issues. But wicked? Not so. In the days of Gen Murtala Ramat Muhammed as head of state, one senior military officer described him as a bully, “a kind-hearted bully.” Same with Buhari. Not a bully, but strict man with a kind heart. A man who does not forget to show kindness to both the living and the dead.
You now see why some of us have chosen to follow the President through thick and thin? “Blessed be he of the Lord, who has not left off his kindness to the living and the dead.”
*Adesina is Special Adviser to President Buhari on Media and Publicity
Mr Adesina. What you are telling us now is President Buhari is ruling to favour those who had rendered assistance to him before. You and your boss must be high on whatever. But you people can't be the most high. Your days are numbered. Father and son.
Crime › Re: White Canadian Man Defrauds 515 Nigerians, Others Of $29 Million (pics) by asmovic(m): 10:51pm On Jul 04, 2022
