An American businessman, Marco Antonio Ramirez has been convicted by Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, for $1.2 million EB-5 visa scam.
Justice Dada also convicted Ramirez for a separate $368,698.24 fraud.
The convict, alongside his companies, USA NOW LLC, Eagle Ford Instalodge Group LP and USA Now Energy Capital Group LP, were prosecuted by the Economic and Financial Crimes Commission, EFCC for an alleged $1,235,000 EB-5 visa scam.
The defendant allegedly obtained the money from his victims as processing fees for their investments in his company, USA Now Energy Capital Group LP, in the Employment-Based Fifth Preference (EB-5) United States of America Investor Programme, which would qualify them to be eligible for the issuance of USA Green Card.
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The defendant, however, allegedly reneged on his promise.
A statement issued by the EFCC Head of Media and Publicity, Dele Oyewale, said the convict was initially arraigned on a…