Invictus Obi: Engagement Ring, Cars Forfeited To US, To Raise $10.7m

The Founder of Invictus Group Obinwanne Okeke is to restitute about $10.7million which he fraudulently obtained from his victims, court documents have shown.

Mr Okeke, 33, was jailed on February 16 for 10 years in the United States for a computer-based intrusion fraud scheme that caused approximately $11 million in known losses to his victims.

Justice Rebecca Smith of the Eastern District of Virginia, in sentencing him, also ordered the forfeiture of his identified assets to the US government.


Invictus is to forfeit his "white gold emerald cut engagement ring with small accent diamonds", his two cars back home in Nigeria, and N280,555,010 translating into about $700,000 which the Nigerian government had seized from him, reports Premium Times.

Invictus conceded to signed restitution and forfeiture agreements as part of a plea bargain deal he had with US authorities.

Part of the restitution order read: "Pursuant to 18 U.S.C § 3663A(a)(1), the defendant is ordered to pay restitution in the total amount of $10,679,166.54 jointly and severally with any other defendants who are ordered to pay restitution for the same losses."

Some of the Nigerian's victims include Unatrac Holdings LLC in Washington DC, which was duped $5,429,166.54; Orient Insurance PJSC, duped $5million, and QBE European Operations which lost $250,000.

The court ordered that all the payments for the restitution "shall be made to the Clerk of Court who shall distribute the funds to Unatrac first and to the remaining victims on a pro-rata basis."

The document also gave an indication without giving details that Okeke may have assets in the US that could be taken over by the government authorities in executing the monetary judgment of the court.

Okeke, popularly known as Invictus Obi in Nigeria, was arrested in August 2019.

Forbes had listed him as one of the influential young entrepreneurs.

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