Obinwanne Okeke popularly known as Invictus Obi was arrested by operatives of the Federal Bureau of Investigation (FBI) in US for wire fraud. The billionaire pleaded not guilty to the two count charge of wire and computer fraud.
His trial started on September 16 and ruling on the case on the first day of trial, US Magistrate, Douglas Miller ordered that Mr Okeke be remanded in prison custody until February 18, 2020 while also describing the fraud case as “complex”.
Invictus Obi who was named amongst the Forbes 30 under 30 entrepreneur was accused of pilfering $11 million from a foreign subsidiary of American heavy equipment manufacturer, Caterpillar. It was also stated that if found guilty, he may face 30 years in prison.
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