Why I turned to fraud – Internet scammer worth over $500k

Why I turned to fraud – Internet scammer worth over $500k

Patrick Akpoguma, a 28-year-old suspected internet fraudster, has confessed to engaging in multiple types of fraud, including romance scams, identity theft, cryptocurrency fraud, and more. He revealed that his decision to embrace fraud stemmed from a desire to avoid traditional employment.

“I turned to fraud, didn’t want to work for salary,” Akpoguma stated during an interview at the Zone 2 Police Command in Onikan, Lagos. According to the suspect, his reluctance to work for a salary led him to turn to fraudulent activities three years ago, a decision that has since earned him over $500,000.

The suspect, a mechanical engineering graduate, claims to have used his ill-gotten wealth to purchase two properties—one in Lagos and another in Edo State—and a GLE Benz worth ₦100 million.

Assistant Inspector General (AIG) Adegoke Fayoade confirmed that the investigation into Akpoguma began on 7th November 2024, following reports from residents of Chevron Drive, Lekki, where the suspect resides. Akpoguma was found to be involved in a variety of scams, including impersonating high-profile individuals online to trick victims into providing loans via Bitcoin or other cryptocurrency transactions.

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AIG Fayoade revealed that Akpoguma’s primary modus operandi involved posing as Colonel Matt Herbert, a U.S. Army officer on a peacekeeping mission in Iran, and Adam Taggart, a renowned cryptocurrency expert.

In addition, Akpoguma went to great lengths to make his impersonations more convincing, even creating a fake Instagram account under the name ‘Adam Taggart’ and purchasing a silicone face mask for $11,200 to mimic his target’s appearance.

In an unexpected development, Akpoguma offered a bribe to the police in a bid to avoid arrest. On 12th November 2024, he offered $100,000 (approximately ₦174 million), which was accepted and documented as evidence.

AIG Fayoade confirmed that the investigation is now complete and that Akpoguma will be arraigned in court. This case highlights the increasingly sophisticated methods used by internet fraudsters and the growing problem of financial crime in Nigeria.

Why I turned to fraud – Internet scammer worth over $500k