Forbes Billionaire, Obinwanne Okeke also known as Invictus Obi has plead guilty to $11 million (N4.2 billion) fraud.

Forbes Billionaire, Invictus Obi Pleads Guilty to $11 million Fraud

Invictus Obi was arrested by the FBI and extradited to the United States last year on

charges of computer and wire fraud.

According to a report by Premium Times, Obi, 32 confessed to predictors that

he was guilty of the charges between 2015 and 2019.

District Judge, Robert Krask took the guilty plea of Invictus Obi on Monday morning

clearing the way for a sentencing hearing to be scheduled.

A spokesperson for the US Eastern Virginia District Court, Joshua Stueve said the

charges attract a maximum prison sentence of 20 years if convicted.

He also be revealed that the sentencing of the former Forbes billionaire will take place on October 22.

Invictus Obi’s arrest made headlines across the world as some question Forbes

integrity for naming him as a billionaire despite not doing enough research on his source of income.

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