Brisk Capital CEO Arrested for $4 Million Crypto and FX Investment Fraud

Fazzaco learned that Brisk Capital Limited CEO Dominic Joshua has been arrested by the Nigerian authorities for being involved in a cryptocurrency and forex scam. 

The 21-year-old man is accused of soliciting individuals to invest in Bitcoin, forex trading, real estate, and oil & gas with a promise of 60% return on investment. Joshua is believed to have diverted over 2 billion nairas ($4.84 million) from investors. The Nigerian Police decided to launch an investigation against Joshua after complaints submitted to the Special Fraud Unit of the Nigerian Police Force from alleged victims.

According to Anderson Bankole, Commissioner of Police in charge of the fraud unit, the funds which belong to over 500 investors were diverted to sponsor extravagant lifestyle, parties, exotic cars, luxury watches and real estates in Abuja, Lagos and Port Harcourt. 

Joshua confessed to the crime but pleaded to be given time to return the monies.

"Some of the properties/items purchased with the diverted funds have been recovered as exhibits while the suspect will be charged to court as soon as the strike by Judiciary Staff Union of Nigeria (JUSUN) is called off," added Bankole.