How American defrauded me of $145,000, by businessman

A NIGERIAN businessman, Mr Olukayode Sodimu, has  told an Ikeja Special Offences Court how an American and alleged serial conman, Marco Ramirez, defrauded him of $145,000 in a green card scam

Ramirez is accused by the Economic and Financial Crimes Commission (EFCC) of defrauding five Lagos-based Nigerians of $1.5 million. He is facing two separate criminal suits at the Special Offences Court.

He is standing trial alongside his companies – USA Now LLC, Eagle Ford Instalodge Group LP and USA Now Capital Group.

In the first suit, the American is accused of allegedly defrauding two Nigerians – Gabriel Edeoghon and Oludare Talabi of $388,838.

In the second suit, he allegedly defrauded three Nigerians- Amb. Godson Echejue, Mr Abubakar Umar and Sodimu of $1.2 million.

While being led in evidence by Mr. M. F. Owede, the EFCC’s Prosecuting Counsel, Sodimu told the court that he first got to know Ramirez and his company in 2013 through an advertisement in The Guardian Newspapers for an Employment-based Fifth Preference (EB-5) American Investment programme.

“The advert in the paper said that USA Now LLC, is the regional centre for the EB-5 Investment Programme and that one can invest $500,000 in the investment.

“It stated that by investing $500,000, the investor and his children under 21-years of age will be issued a U.S. Green Card, which implies permanent residency in the U.S.”

Sodimu told the court that after seeing the advert, he verified the authenticity of the programme and that he found out online that such programme exists and that he attended a seminar which was advertised in the newspapers to be holding in Eko Hotels.

He said that at the seminar, Ramirez gave a lecture and that after the lecture, he had a meeting with Ramirez.

“The defendant mentioned that a number of Nigerians have benefited from the programme that they had either received green card or are about to get green card through his offers.

“He presented Umar who is the second Prosecution Witness (PW2) in this case as someone who had paid his $500,000 and Umar’s process had gotten to the final stage and he was about to do his medicals.

“I believed him and I chose to participate. I met him several times after that day to verify his claims and make enquiries. He gave me a brochure that had some explanations and stated that had he had American Government backing for the programme.

“He gave me a pre-qualification questionnaire. I filled it and he took it back to the United States. I got an email from a lady he told me was his personal assistant. Based on the responses on the questionnaire I was given sets of forms and requirements I had to meet,” he said.

The businessman said he was required to pay $500,000 to a separate account called an investment account and that he was required to pay an additional $45,000 for administrative fees into the defendant’s bank account.

“He said that being an investment, the $500,000 is repayable with interest after five-years. I read through the agreement given to me before paying a kobo.

“The agreement made it clear that all the money, including the $45,000 is refundable if the investor is not accepted by the American Government.”

Sodimu said that in June 2013, he paid the $45,000 administrative fee in five tranches within a week and two months later he paid $100,000 which was the first installment of the $500,000 investment fee.

“As at the time the $100,000 was transferred, I had the whole money but in naira. The banking regulation is that one can only register such amount of money from the inflow from the proceeds of export.

“At the time I could only get $100,000 in tranches and the defendant was putting so much pressure on me.”

Sodimu said that while he was figuring out how he was going to get the balance of the $500,000 investment fee, he found out via the internet that Ramirez and his spouse were under investigation by the FBI in America for fraud.

“When I saw the news report, I was very worried and very concerned. I called Marco and I told him what I saw on the internet. He confirmed it but said it was just a minor problem and it will soon be resolved.

“I took a flight to the U.S. a few days later to find out what was going on and I had a meeting with him and from the discussion I realised things were far worse than he claimed on the phone.

“I spoke to his lawyer and officials of the Securities and Exchange Commission in Texas and I found out that he was under investigation by the FBI, following a petition by his victims.

https://thenationonlineng.net/how-american-defrauded-me-of-145000-by-businessman/

Mentions

• USA NOW Regional Center

Litigation Cases

• UNITED STATES SECURITIES AND EXCHANGE COMMISSION vs USA Now Regional Center, LLC

States

• New York