An Ikeja special offences court on Tuesday, sentenced Marco Ramirez, an American businessman to 74 years imprisonment for fraud.
Gatekeepers News reports that Ramirez was convicted based on charges levied against him by Economic and Financial Crimes Commission (EFCC).
Before this, EFCC had arraigned the convict on a 12-count charge but later re-arraigned him on a 16-count charge on June 24, 2022, before the court presided by Justice Mojisola Dada.
The business man however pleaded not guilty to all the charges.
He was prosecuted alongside his companies, USA NOW LLC, Eagle Ford Instalodge Group LP, and USA Now Energy Capital Group LP, over $1,235,000 EB-5 visa scam.
Ramirez was accused of obtaining the money from his victims as processing fees for their investments in his company, which would qualify them to be eligible for issuance of a USA green card, but didn’t fulfill his promise.
He was also arraigned on another nine-count charge concerning $368,698.24 fraud.
The presiding judge while delivering judgment on Tuesday, held that the prosecution was able to prove its case beyond a reasonable doubt.
She sentenced the businessman to various terms of imprisonment on different counts of the charges.
