Forbes Billionaire, Obinwanne Okeke also known as Invictus Obi has plead guilty to $11 million (N4.2 billion) 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 investigators 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 for Obi if convicted.
He also be revealed that the sentencing of the former Forbes billionaire will take place on October 22;
“A federal district court judge will determine any sentence after taking into account the U.S. sentencing guidelines and other statutory factors,” he said.
Former Forbes Billionaire, Invictus Obi and other co-conspirators still at large are accused of targeting American Businesses in Computer Email Scams, fleecing several unsuspecting companies of $11 million over a period of four years.
According to the FBI, funds gotten from his illicit dealings were used to build a business empire in Nigeria and the UK.