Though efforts to reach him has proved abortive, our correspondent in the area reports that the teenager, Emmanuel, who was arrested by the men of the Police Force, Area F command has made some confessions.
According to our source, Emmanuel has told how he started his activities.
"I started blogging about 2 years ago, watching and reading articles in YouTube and other blogs. I was so much interested in Techs.
"It was early last year that I started investing in crypto currency (especially Bitcoin) and Forex Trading. Few months later, I was dupped the sum of Fifty Three Thousand Naira (N53,000).
"When I felt that I have mastered the rudiments of Crypto Currency and Forex Trading, I opened a Telegram Coin group. I invited people to trade on my coin, while I was using their money to invest in my own Forex Trade.
"We agreed on a 50:50 deal, loose or gain. I invested some people's money while some I scammed them, yet those ones I invested, we shared the gains 50:50.
"After too many activity on one group, I shut it down or leave the group and open another one with a new contact. This is what I have been doing since last year.
"Whenever my father ask me how I make my money, I tell him that , I am into one Tech. Investment.
"I continued like that until the middle of last month when I scammed one of my investors the sum of One million naira (N1,000,000)", he said, promising not to involve in crime anymore.
Meanwhile, Stereo News reports that a teenager has been arrested for Cyber Crime.
N.B: Know you that Crypto Currency and Forex Trading is not a crime but scamming or dupping unsuspecting individuals interested in it is.
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