A Federal High Court in Lagos has issued a bench warrant against an alleged Ponzi scheme operator Victoria Imase-Regal for alleged N36.45 million fraud.
Following a request from Justin Enang, attorney for the Police Special Fraud Unit (PSFU), Justice Tijjani Ringim issued the bench warrant on Thursday.
PSFU had brought the defendant and her four businesses before the court on seven counts of conspiracy, obtaining money under false pretences, and issuing fake checks.
Along with her four businesses, the defendant was charged: Yellowpoint Group, Media Enterprise, Yellowpoint Investment Limited, and Yellow Point FT. International Limited.
The police alleged that the woman had used her companies to defraud victims of the above stated sums, on false pretence of giving them Multiple Return on Investment.
Among those allegedly defrauded by the defendant are: Iyoha Gabriel, Adebeshin Opeoluwa, Kayode Fowode and Samson Martins.
Imase-Regal, 46, was also accused of issuing two new generation banks’ cheques with the monetary value of N18.45 million and N18 million to Iyoha Gabriel, which were presented for payment, on the date stated therein. But both cheques were rejected on the ground that there were insufficient funds in the account.
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