An Ikeja special offences court has convicted Marco Ramirez, a U.S. businessman, of fraud and sentenced him to 74 years in prison......Read The Full Article>>.....Read The Full Article>>
The Economic and Financial Crimes Commission (EFCC) charged Ramirez with a 16-count charge, including a $1,235,000 EB-5 visa scam.
Ramirez, alongside his companies (USA NOW LLC, Eagle Ford Instalodge Group LP, and USA Now Energy Capital Group LP), was accused of defrauding victims by collecting processing fees for investments promising U.S. green card eligibility.
However, Ramirez allegedly failed to deliver on his promises.
Additionally, he faced a separate nine-count charge for $368,698.24 fraud.
On Tuesday, Presiding Judge Mojisola Dada delivered the verdict, stating the prosecution proved its case beyond reasonable doubt.
Ramirez received various prison terms for each count, totaling 74 years.
The conviction highlights EFCC’s efforts to combat international financial crimes.
