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Saturday, 5 July 2014

Nigerian Conman Called 'Fizzy' Jailed 8 Years For Defrauding Vulnerable Pensioners

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Undated handout photo issued by National Crime Agency of a property in  Nigeria belonging to fraudster Frank Onyeachonam who has been jailed for eight years at the Old Bailey, London after he conned vulnerable pensioners out of their life savings with a bogus lottery scam to fund his millionaire's lifestyle. PRESS ASSOCIATION Photo. Issue date: Thursday July 3, 2014. For seven years, Onyeachonam, nicknamed "Fizzy" because of his love of champagne ran the UK operation of a global scam which was orchestrated from his native Nigeria and involved hundreds of perpetrators in several countries, detectives suspect. See PA story COURTS Lottery. Photo credit should read: National Crime Agency /PA Wire
NOTE TO EDITORS: This handout photo may only be used in for editorial reporting purposes for the contemporaneous illustration of events, things or the people in the image or facts mentioned in the caption. Reuse of the picture may require further permission from the copyrigh
Fraudster Frank Onyeachonam who has been jailed for eight years after he conned vulnerable pensioners out of their life savings with a bogus lottery scam to fund his millionaire's lifestyle

Frank Onyeachonam ran the UK end of global lottery scam that was orchestrated from his native Nigeria for seven years to fund his lavish millionaire’s lifestyle. 
It involved hundreds of perpetrators in several countries, detectives say.

In the UK, 38-year-old Onyeachonam conned pensioners out of sums from £2,000 to £600,000, deliberately targeting his victims because they were potentially vulnerable to his tactics.Frank Onyeachonam ran the UK end of global lottery scam that was orchestrated from his native Nigeria for seven years to fund his lavish millionaire’s lifestyle. 
It involved hundreds of perpetrators in several countries, detectives say.
In the UK, 38-year-old Onyeachonam conned pensioners out of sums from £2,000 to £600,000, deliberately targeting his victims because they were potentially vulnerable to his tactics.
National News and Pictures
 
 A fraudster nicknamed 'Fizzy' for his love of champagne was today jailed for eight years for conning nearly £2 million out of vulnerable pensioners in a lottery scam to fund his luxury lifestyle, bubbly and fast cars. 
  
 Frank Onyeachonam, 38, deliberately preyed on the elderly in a lottery scam robbing some of them of their lifesavings. Detectives identified at least 14 victims but believe there may be another 61 and the total lost could be close to £30 million.
 
 Onyeachonam then spent the cash on Gucci, Louis Vuitton and Armani designer clothes, Rolex watches,  Porches and Maseratis and rented a luxury flat overlooking the Thames in London's Canary Wharf.
  
 A regular in members' clubs Onyeachonam would only drink his favourite Ace of Spades champagne costing between £300 and £500 a bottle.
 
 Such was his love of the fizzy stuff he also kept a fridge stocked full of it at his apartment and had so much cash he once spelled his name out in it and upl
While he bled them of their life savings, Onyeachonam enjoyed a life of fast cars, champagne and designer clothes.
Pictures he posted on Facebook show he spent the cash on Gucci, Louis Vuitton and Armani designer clothes, Rolex watches, Porsches and Maseratis. 
He even stuck wads of what look like £50 notes in his Buzz Lightyear toy. 
Onyeachonam, of Canning Town, east London, was found guilty at the Old Bailey of conspiracy to defraud following a three-week trial.
Lawrencia Emenyonu, 38, and Bernard Armah, 51, both of Wood Green, north London, were also found guilty of money laundering. All three denied the charges.
Emenyonu was jailed for 18 months while her partner Armah received an eight-month term. 

One of the Rolex watches Onyeachonam spent his ill-gotten gains on

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