SOUTH KOREAN POLICE SEEK ARREST WARRANT FOR HYBE CHAIRMAN BANG SI-HYUK OVER ALLEGED $100 MILLION INVESTOR FRAUD SCHEME. (PHOTO).

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 South Korean police seek arrest warrant for Hybe chairman Bang Si-Hyuk over alleged $100 million investor fraud scheme    South Korean police are seeking an arrest warrant for Bang Si-Hyuk, the billionaire music executive behind K-pop powerhouse Hybe and BTS, as part of an expanding investigation into allegations that he improperly benefited from an investor scheme involving more than $100 million. Authorities said they have asked prosecutors to pursue a court warrant for Bang’s arrest as they continue probing claims that he misled investors in 2019. Investigators allege he told investors that Hybe had no plans for an initial public offering, leading them to sell shares to a private equity fund. The company later went public, and police suspect a separate arrangement may have resulted in Bang receiving a substantial payout tied to post-IPO stock profits. Bang’s legal team has not directly addressed the specific allegations but said he has cooperated with investigators an...
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I MADE N460, 000 FROM FAKING NSCDC FCT COMMANDANT'S FACEBOOK ACCOUNT- FRAUDSTER. (PHOTO).

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 I made N460,000 from faking NSCDC FCT Commandant’s Facebook account – fraudster



One of the two brothers, Henry Odep, believed to be part of cybercrime syndicates has disclosed that he made the sum of N460,000 from impersonating the FCT Commandant, Olusola Odumosu’s Facebook account.


The cyber thieves who were captured by the Nigerian Security and Civil Defence Corps made the confession when they were apprehended and paraded during a press conference held in Abuja on Tuesday.


In September 2023, the NSCDC FCT Command issued a public alert regarding a fake Facebook account impersonating the FCT Commandant, Olusola Odumosu.


Identified as Henry Odep and Emanuel Odep from Cross River State, they were apprehended with evidence linking them to cyber fraud activities.


Henry who spoke to journalists said he started a cybercrime business in 2016 through a friend who made huge money from it.


“I made N460,000 from the fake Facebook account of the commandant between September- December 2023,” he added.


Emanuel, upon apprehension, provided valuable information leading to the arrest of his elder brother, Henry, who was found in possession of the device used to operate the fake Facebook account.

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