Convicted fraudster Okeke to under rehabilitation over his ‘Fraud Mentality’ judge orders


Convicted Nigerian entrepreneur, Obinwanne Okeke, who was on Tuesday sentenced by a U.S. court to 10 years in prison for multi-million-dollar wire fraud will be undergoing treatment for ‘fraud mentality and drug abuse’.

A judge of an Eastern District court of Virginia, Rebecca Smith, ordered Mr. Okeke to be incarcerated in a medical facility where he would be subjected to ”full medical and mental health evaluation and treatment”.

According to a report by the Premium Times, the evaluation cum treatment is part of the rehabilitation process to reform his conduct before he completes his jail term and is reintegrated into society.

Judge Smith, in her recommendations to the Bureau of Prisons, said;

“The defendant be incarcerated in the facility at the Federal Medical Centre at Butner, North Carolina or a similar medical facility.

“The defendant shall undergo a full mental health evaluation and receive all appropriate mental health treatment and counseling, in particular for his fraud mentality.

 “He shall receive a full medical evaluation and shall receive all appropriate medical treatment for any conditions he may have.”

Mr. Okeke, the Chairman of his Abuja-based Invictus Group, was until his arrest by the Federal Bureau of Investigations (FBI) in the U.S. in August 2019, a globally renowned businessman, public speaker, and philanthropist.

From 2015 to 2019, Okeke and others still at large engaged in a conspiracy to conduct various computer-based frauds. The conspirators obtained and compiled the credentials of hundreds of victims, including victims in the Eastern District of Virginia.

He and the other conspirators defrauded the United Kingdom office of Unatrac Holding Limited, which has its headquarters in the United Arab Emirate (UAE), of nearly $11 million in 2018,

In April 2018, one Unatrac executive fell prey to a phishing email that allowed conspirators to capture login credentials.

The conspirators sent fraudulent wire transfer requests and attached fake invoices. Okeke participated in the effort to victimize Unatrac through fraudulent wire transfers totaling nearly $11m which was transferred overseas.

Additionally, Okeke engaged in other forms of cyber fraud, including sending phishing emails to capture email credentials, creating fraudulent web pages, and causing other losses to numerous victims in different parts of the world.

Obiwanne  was listed on Forbes 30 under 30 category for his business prowess and exploits and he frequently gave motivational speeches in seminars and conferences before his crimes were unearthed.