$2.5M Crypto Scheme Busted

A significant cryptocurrency-related case has recently been reported involving a Nigerian suspect, Charles Uchenna Nwadavid, who was arrested in the United States.

Nwadavid, a 34-year-old Nigerian national, was arrested at Dallas-Fort Worth International Airport on April 7, 2025, after arriving from the United Kingdom. He is charged with involvement in a scam that defrauded victims of over $2.5 million.

The scam involved creating fake online personas to lure victims into fabricated relationships. Once trust was established, victims were manipulated into sending money or conducting financial transactions on behalf of the scammer.

Nwadavid allegedly used one of the victims as an intermediary to receive money from other victims across the U.S. He then directed this intermediary to convert the funds into cryptocurrency and transfer them to his digital wallets.

Nwadavid faces charges of mail fraud and money laundering. If convicted, he could face up to 20 years in prison for each charge, along with fines and restitution.

This case highlights the increasing use of cryptocurrency in sophisticated scams and the efforts of law enforcement agencies to track down and prosecute those involved in such activities.

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