In narrating the incident, he said, " I am an undergraduate – a 200-level physics student at the University of Ebonyi.
"I started blogging and from there I went into Forex trading and cryptocurrency, mostly Bitcoin.
"I learnt about how to scam peopleI online via Youtube videos and articles.
"I got my clients through advertisement on WhatsApp groups and some blogs.
"I would go to some Bitcoin trading sites and trade in cryptocurrencies. When the currency price goes high, I gain. But when the price does not rise or it falls, I lose and ultimately the person that gives me the money loses.
When aclsked about what happened between him and one of his client Obinna he said,
"His wife first gave me N50,000 to trade and I paid her N19,500 as interest, in addition to her investment. There was a referral bonus of five per cent. She invited somebody and I gave her N5,000 referral bonus. I later paid the person up to N65,000. The person increased her investment to N150,000 and I gave her almost N100,000, including interest and referral bonus. Later, the woman invited his husband, Emmanuel, who invested N1m. He also invited his friend who invested N200,000. The wife also invested N60,000. The market was not good then. I traded with N200,000 but I lost and decided not to trade again.
"I spent it to take care of personal things. I used it to buy clothes, shoes, an Infinix X4 phone and some other things I needed to be comfortable.
In other to cover up his crimes, he said he lied to his parents he got a contract from a tech company.
"I lied to him that a company in Ebonyi engaged me to render some IT services to them when the school was on long holidays. I needed full concentration to do those things very well. So, I needed to be in school where nobody would disturb me. I asked my friend to call my father and pretended as if he worked with the company.
Emmanuel’s father, Pastor John Amadi, tells AFEEZ HANAFI about how he spent the money he got from his son, not knowing it was proceeds of crime
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