Anti-corruption and elections / EFCC

Ponzi Scheme: Micheno Boss to Remain in Prison over N320m Fraud Charge

The Economic and Financial Crimes Commission, EFCC, has arraigned the registered trustee of Micheno Multi-purpose Cooperative Society, Mr. Uno Michael Eke before Justice Simon Amobeda of the Federal High Court, sitting in Calabar, Cross River State, on a separate 74-count charge, for allegedly obtaining over N320 million (Three Hundred and Twenty Million) by false pretence from innocent Nigerians. Eke, allegedly defrauded his victims through an alleged ponzi scheme by inducing his victims to invest in his Swissgolden packages, through his company, Micheno Multi-purpose Cooperative Society, und…