A 21-year-old Nigerian Dominic Ngene Joshua, the Managing Director/Chief Executive Officer of Brisk Capital Limited, has been arrested by the Special Fraud Unit, Lagos.
Dominic was arrested following petitions and complaints by over 500 investors to the special fraud unit.
Dominic who claims to be an “investment expert” was arrested for diverting investors’ funds worth over N2 billion.
Joshua, who is from Ebonyi State but operates from Uyo, Akwa Ibom State, lures his victims through social media platforms and newspaper publications, with claims he is a financial investor who helps individuals and companies manage their funds .
He is said to have deceived victims into investing money in Bitcoin, FOREX trading, real estate and oil and gas, with a promise of 60% Return On Investment per month on every fund invested.
However,that was not the case as joshua diverted all the money invested into funding his extravagant lifestyle, purchasing of exotic cars, luxury watches, real estates in Lagos, Abuja and Port Harcourt.
According to the Special Fraud Unit (SFU), the suspect has already confessed to the crime, but appealed to be given more time to return the funds to the respective Investors.
Meanwhile, the Special Fraud United have already recovered some of the properties and items purchased by dominic with the diverted funds and he will be charged at the Federal High Court soon.
Dominic Ngene Joshua, was recently featured in a business publication and a glowing piece was written about him. In the publication, he was referred to as a “disruptor in the investment banking industry”.