Categories: Bitcoin Business

The feds still haven’t found the Nigerian scammers that stole $50K in Bitcoin

Click here to view original web page at

Two Nigerian nationals face charges of attempting to defraud US residents through numerous Bitcoin BTC investment scams. But the pair are yet to be apprehended by US authorities.

Onwuemerie Ogor Gift and Kelvin Usifo are facing a 13-count indictment, including conspiracy to commit wire fraud, money laundering, and 11 instances of wire fraud, OregonLive reports.

Gift and Usifoh ran a number of websites on which they promised investors risk-free investments with guaranteed returns of between 20 and 50 percent.

The pair claimed to be using “unique trading methods,” but in reality, they were just sending the Bitcoin to their own wallets, which they then converted to Nigerian Naira, prosecutors say.

Between December 2017 and June 2018, the pair reportedly attempted to defraud three people, a resident of Oregon and two Californians. According to reports, the perps stole over 10 Bitcoin (worth about $55,000 at the time of writing) from the trio of American victims.

Authorities say that Gift and Usifoh have received over 50 BTC, though. Whether these were obtained legitimately or through similar scams has not been disclosed.

While US federal authorities have managed to identify Gift and Usifoh, they haven’t managed to locate the pair yet. US authorities are seeking help from Interpol in attempts to arrest the crooks.

Such high-return cryptocurrency investment scams are noting new, sadly.

Scammers will go to any lengths to purloin cryptocurrency from their victims including, impersonating the police, authorities and celebrities, and even making threats, and claiming false FCA (Financial Conduct Authority) accreditation.

It’s an unfortunate reality that, just like with cash, as long as there is Bitcoin there will be criminals that use it.

Did you know? Hard Fork has its own stage at TNW2019, our tech conference in Amsterdam. Check it out.

Onwuemerie Ogor […]


Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Published by

Recent Posts

Who’s Trading Bitcoin? A Look at Trading Volume by Country in 2019

If you look for statistics on bitcoin trading volume by country, you may be surprised to learn that there is… Read More

39 mins ago

PR: Kinesis Partners With Hardware Wallet Provider CoolbitX

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material.… Read More

39 mins ago

FT Compares Bitcoin Salaries to De Facto Slave Labor

Getting paid in bitcoin? You should be offended, apparently. | Source: Shutterstock; Edited by CCN By CCN Markets : In… Read More

40 mins ago

How blockchain is revolutionizing recruitment

There is no denying that blockchain technology has the potential to completely revolutionize most – if not all – industries… Read More

40 mins ago

Bitcoin Price ‘Will Struggle’ in Big Financial Crisis, Says Investor

Spencer Bogart, a general partner at venture capital firm Blockchain Capital, thinks that Bitcoin ( BTC ) will be a… Read More

42 mins ago

Pompliano: Bitcoin Will Be In Every Institutional Investor’s Portfolio

American investor and Morgan Creek Digital Assets co-founder Anthony Pompliano says that Bitcoin will end up in every institutional investor’s… Read More

42 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More