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A Step Up in Fraud From the Nigerian Prince

Posted on December 17, 2024December 13, 2024 by Doug Cornelius
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In this case, the “prince” was a well established financial adviser. Chibuzo Augustine Onyeachonam, Stanley Chidubem Asiegbu, and Chukwuebuka Martin Nweke-Eze created websites using the the names of real US-based financial professional.

For example assuming I was known financial professional and wanted to impersonate me they would create dougcornelius.com and send an email from doug @ dougcornelius.com. Then lure them in with chats and linkedin comments and Youtube videos. Finally convince the victims to send money, purported to be invested.

Of course, the money was stolen instead. Often using bitcoin.

Protect yourself. Do you own your name domain? That’s a cheap and easy way to control and prevent. Do you have a Google Alert on your name? https://www.google.com/alerts

Sources:

  • SEC Charges Three Individuals with Impersonating Financial Professionals in Fraud Scheme Targeting Retail Investors
  • SEC Complaint
  • Three Nigerian Men Indicted In Multi-Million Dollar Internet-Enabled Investment Fraud Scheme
  • DOJ Indictment

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