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EFCC Arraigns Businessman For N50m Bitcoin Fraud - Crime (2) - Nairaland

Nairaland ForumNairaland GeneralCrimeEFCC Arraigns Businessman For N50m Bitcoin Fraud (17793 Views)

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Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by bestman09(m): 11:18am On May 02, 2019
Good
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Onyekachi419(f): 11:18am On May 02, 2019
Crystalworld:
I thought Bitcoin is a legit business, let me contact my chairman Bnaire, I think he needs to educate EFFC better.
1 spotted
Na dem
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by MaddySav: 11:19am On May 02, 2019
countryfive:
How real is bitcoin ? Learnt it's like mmm
It is real
It is a currency just like gold and silver but it is virtual currency
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by HEFAIROHLUWA(m): 11:22am On May 02, 2019
themosthigh:
They will just convinct this man for nothing. Bitcoin prices fell, not his fault. Many people thought that prices will keep rising forever. It didn’t and like everyone, you have to accept your loss.
Not his fault so he didnt know the risks involved before tricking people to join his investment scheme? Check again for the definition of "fraud"
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by HazzanTazzan(m): 11:26am On May 02, 2019
themosthigh:
They will just convinct this man for nothing. Bitcoin prices fell, not his fault. Many people thought that prices will keep rising forever. It didn’t and like everyone, you have to accept your loss.
His problem...

He didn’t teach the owners of the money to open bitcoin acct and invest it and monitor it for them...

What he did was he collected their money and used it to invest in bitcoin... he never told them it was gonn fall or rise ...

They only blivd he’s using their money for a business or so like when they fix their money in banks ...

So it’s either he defrauded then or he pays back their money cos it’s his loss and not theirs
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Ekakamba: 11:28am On May 02, 2019
Eggon, Nasarawa. grin tongue
Mrchippychappy:
Donkey Adigizi na Plateau name grin grin
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by legendarymega: 11:31am On May 02, 2019
[quote author=Crystalworld post=78038482]I thought Bitcoin is a legit business, let me contact my chairman Bnaire, I think he needs to educate EFFC better.[/qulote]

Do you read the write up bfo comment?
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Trybes(m): 11:40am On May 02, 2019
themosthigh:
They will just convinct this man for nothing. Bitcoin prices fell, not his fault. Many people thought that prices will keep rising forever. It didn’t and like everyone, you have to accept your loss.
You have a point here if he was actually genuine
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Magnifico2000: 11:41am On May 02, 2019
Crystalworld:
I thought Bitcoin is a legit business, let me contact my chairman Bnaire, I think he needs to educate EFFC better.
Do u have any personal business with bnaira? How do u know him?
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by GOFRONT(m): 11:44am On May 02, 2019
grin
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by paddyofboss(m): 11:53am On May 02, 2019
countryfive:
How real is bitcoin ? Learnt it's like mmm
It's a crypto currency.. It's not mmm it's online money(virtual cash).. It's the investment scheme that is fraudulent
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Grace001: 11:58am On May 02, 2019
Nykirjuliette:
I was scammed too in Lagos with this stupid bitclub advantage
That bitclub advantage was purely a scam by one useless eddiesax and co. I think this is one of their Whatsapp admin, God will expose them one by one.
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by cooltola(m): 12:34pm On May 02, 2019
EFCC is doing an excellent jobs. Too many corrupt people are in Nigeria, one by one they will be caught and bought to Justice. Please I hope they can investigate Tinubu, Buhari, Osinbanjo, any past and future president in the future. If they are clean , then they do not worry.
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by charliebiz(m): 12:37pm On May 02, 2019
countryfive:
How real is bitcoin ? Learnt it's like mmm
Simply search the internet about Bitcoin. It is personal freedom from government-controlled money. The volatility is what people are capitalizing on to make a profit. Always risky trading with people's money.
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Ferdinandu(m): 12:47pm On May 02, 2019
There is no fraud there. Crypto currency went on a free fall since last one and half years. Most people that invested within that period lost upto 90% value of their investment. It is the risk with investment. If the price has gone North they would have been smiling and telling everyone how smart they are. They should just leave Joseph alone. He didn't commit any crime. You only invest in bitcoin, forex and investment like that with money you can comfortably lose. Their greed killed them.
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Ferdinandu(m): 12:53pm On May 02, 2019
countryfive:
How real is bitcoin ? Learnt it's like mmm
No bitcoin is not like MMM. It is legit business but MMM is just a form of 419.
The only problem with bitcoin and forex because they are in the same category is that the boys marketing the investment are economic with the truth to their clients on what it takes to really earn from them and the risk involved.
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by feldido(m): 1:33pm On May 02, 2019
countryfive:
How real is bitcoin ? Learnt it's like mmm
Still asking this kinda question in 2019 when report have it that over 11% of US citizens have Bitcoin? undecided

Nigeria will always be behind when the rest of the world has gone.
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Dharnchuks(m): 1:41pm On May 02, 2019
Ferdinandu:
There is no fraud there. Crypto currency went on a free fall since last one and half years. Most people that invested within that period lost upto 90% value of their investment. It is the risk with investment. If the price has gone North they would have been smiling and telling everyone how smart they are. They should just leave Joseph alone. He didn't commit any crime. You only invest in bitcoin, forex and investment like that with money you can comfortably lose. Their greed killed them.
I agree btc price plunged since the past one year and any investor would still be in lose right now but that doesn't mean Joseph didn't commit a crime. Did he explain fully well to the investors the risk involved in btc.

Did he actually invest the money in btc? If he did where is the wallet in which he deposited the coins he acquired. luckily btc transactions are very transparent and can always be looked up for confirmation. The dates can be verified to confirm if he bought this coins before the dip started. But thats if he even spent a dim of those funds on btc which I doubt. He should face the music. Am only sad this news will make the public think btc is a scam when a lot of traders are legitimately making money from btc trading
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by shegra58: 1:52pm On May 02, 2019
countryfive:
How real is bitcoin ? Learnt it's like mmm
Bitcoin is far legit and real can't even compare the two they are different
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Mrbaz1: 3:06pm On May 02, 2019
Him and his other types will see Gods punishment... AMEEN
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Xisnin(m): 3:13pm On May 02, 2019
themosthigh:
They will just convinct this man for nothing. Bitcoin prices fell, not his fault. Many people thought that prices will keep rising forever. It didn’t and like everyone, you have to accept your loss.
Many ignorant people also thought that MMM will keep paying forever.
Not delivering on a business promise is fraud especially when the perpetrator
is secretly gambling with victim's money.
He should have made the money all for himself and leave innocent people alone.
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Xisnin(m): 3:14pm On May 02, 2019
maybachmusic:
lol


this one no near anything bitcoin


de just dey collect money put for account take off

thats how NL ended up branding crypto as a scam when guys like CZ (industry people will know) make 100s of millions of dollars per annum from crypto

or should i say the IEOs that raise millions in minutes

here we dey do yahoo, for 2005 benz dey make noise, when the real money is being made in Asia
grin grin grin
How much have you made from bitcoin?
Millions, billions?
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by Xisnin(m): 3:14pm On May 02, 2019
countryfive:
How real is bitcoin ? Learnt it's like mmm
It is as real as MMM.
Suckers lose money while big players manipulate the market to make profit.
Re: EFCC Arraigns Businessman For N50m Bitcoin Fraud by romeoetin(m): 3:16pm On May 02, 2019
maybachmusic:
lol


this one no near anything bitcoin


de just dey collect money put for account take off

thats how NL ended up branding crypto as a scam when guys like CZ (industry people will know) make 100s of millions of dollars per annum from crypto

or should i say the IEOs that raise millions in minutes

here we dey do yahoo, for 2005 benz dey make noise, when the real money is being made in Asia
grin grin grin
Bro make we connect. 08132684257
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