Nigeria: Investment Fraudster Bags 75 Years in Prison for Swindling Investors Over N1 Billion allafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from allafrica.com Daily Mail and Mail on Sunday newspapers.
Racksterli owned by Michael Oti, apart from now promising mouth-watering return on investment within 45 minutes – an incredibly short period of time – from the 30-day period it dangled before investors in the past until its crash in June 2021, has also increased the amount of ROI on each investment made.
The company, which was registered in Seychelles and founded by Ian Mvula, a South African, who is an expert in stocks, foreign exchange, crypto and commodities, is said to have been ‘dribbling’ inquisitive investors in Nigeria since September and had failed to give any concrete reason for its inability to pay ROI.