Promising investors 60 percent return on investment (ROI) every month and return of initial capital, a 21-year-Old Dominic Joshua, the Chief Executive Officer of Brisk Capital, has confessed to scamming 500 people to the tune of N2billion, the Special Fraud Unit of the Police has disclosed.

An indigene of Ebonyi State who operates from Uyo in Akwa Ibom, Joshua lured victims using social media platforms and the mainstream media, claiming to be an investment fund manager and asking people to invest in bitcoin, real estate, oil and gas and trade forex.

But investors’ funds were diverted to financing extravagant lifestyle, parties, exotic cars, luxury watches and real estate in Abuja, Lagos and Port Harcourt.

While Joshua claimed on his LinkedIn account that he had practiced for 10 years, he did not list companies he worked or established apart from Brisk Capital which he stated that he founded in 2020. His Facebook account, opened in October 2020, contains posts about investment. There has not been any activity on his social media since February 2021.

Joshua’s banking records became the subject of investigation by the Police Special Fraud Unit which received petitions from many investors. He will be charged to court when the strike action by Judiciary workers is called off, the police said, adding that some of the properties and items the suspect purchased have been recovered as exhibits.