Certain individuals have been convicted of conspiracy to launder money from online investment fraud schemes and of conspiracy to operate an unlicensed money transmitting business that laundered fraud proceeds.

The alleged scheme involved a number of purported investment fraud schemes that purported to offer investors the chance to profit from cryptocurrency arbitrage, mostly involving Bitcoin, and from exotic investments such as binary options, e.g., binary options pertaining to non-farm payroll (“NFP”) futures.  The timeframe of the alleged conduct is between the years 2015 and 2021.

The investment fraud schemes used the following names on the internet, including Facebook, and other social media:

PrimeFx a/k/a Global Prime a/k/a PrimeFx.org
BFX Investors
Coin Securities
DX Traders
FortTrades.com
FXT Investors
I-Wize.com / The I-Wize Group
MyFixTrade.com
Pinnacle Investments
Voiceprofit.com
Zebron Investments

The persons perpetrating the frauds told victim investors to send their investment money to exchangers, including the defendants Tochukwu Abel Edeh, Amen Morenike Okundaye, and their co-conspirators who then transferred money but did not invest it.

Victims
If you invested in any of the schemes listed above and would like to determine if the money laundering and money transmitting conspiracy in these cases transmitted your investment money, or if you have questions related to being identified as a victim in these cases, please send an email to USAMA.VictimAssistance@usdoj.gov and provide your name and best contact information. A member of the Victim Witness Unit will contact you.