EFCC Docks Man for Alleged Investment Fraud in Calabar

The Uyo Zonal Office of the Economic and Financial Crimes Commission (EFCC) on Wednesday December 2, 2020, arraigned one Joseph Stanley Okputu before Justice Imelda Etape of the State High Court, Calabar, Cross River State for ponzi scheme.
He was arraigned on a two-count charge, bordering on obtaining by false pretence and stealing to the tune of N600,000.00 (Six Hundred Thousand Naira) only.
One of the charges read, "That you, Okputu Joseph Stanley ("M") on or about 6th of August 2018 in Calabar within the jurisdiction of this honourable court, fraudulently converted to your own use the sum of N600,000.00 (Six hundred thousand naira), belonging to Anietie Ekong...
...meant to be invested in bitcoin/forex trading package and to be returned to him with 80% interest on the fortieth (40th) day of the investment,"...
...thereby committed an offence contrary to the provisions of Section 383 (1) of Criminal Code, Vol.3 Cap C16, Laws of Cross River State and punishable under Section 390 of the same Law.”
He pleaded “not guilty,” to the charge, upon which prosecution counsel, Joshua Abolarin, prayed the court to fix a trial date and for the defendant to be remanded in the custody of the Nigeria Correctional Service...
...while defence counsel, Imeh Umanah informed the court of the defendant’s bail application and prayed for his release on bail.
Prosecution counsel’s objection to the bail application, led to the judge’s adjournment of the case till December 8, 2020 for ruling on the bail application and an order for the defendant to be remanded in the custody of Cross River State Correctional Service, Calabar.
The defendant courted trouble when he allegedly lured the petitioner, Anietie Ekong to invest in a currency trade, promoted by Micheno Cooperative on the promise that the petitioner will be paid 80 per cent interest on his invested sum after 40 days.
However, upon receiving the money from the petitioner on August 6, 2018, Okputu became incommunicado by disabling the line of communication between him and the petitioner.

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This was prompted by a claim from someone knowledgeable, who claimed that forensics companies no longer had the ability to break the Apple Secure Enclave Processor, which would make it very hard to crack the password of a locked, recent iPhone. 2/

We wrote an enormous report about what we found, which we’ll release after the holidays. The TL;DR is kind of depressing:

Authorities don’t need to break phone encryption in most cases, because modern phone encryption sort of sucks. 3/

I’ll focus on Apple here but Android is very similar. The top-level is that, to break encryption on an Apple phone you need to get the encryption keys. Since these are derived from the user’s passcode, you either need to guess that — or you need the user to have entered it. 4/

Guessing the password is hard on recent iPhones because there’s (at most) a 10-guess limit enforced by the Secure Enclave Processor (SEP). There’s good evidence that at one point in 2018 a company called GrayKey had a SEP exploit that did this for the X. See photo. 5/
While we'll be celebrating New Year's Eve, thousands of terrified people will languish in cages, locked up by institutional actors who are deliberately indifferent to the grave risks to their health and safety. Here's a brief summary of my 2020 professional activities.

Early 2020: With the indispensable help of @lindar, I migrate #CaliforniaCorrectionalCrisis to
https://t.co/mk2kUVD1XB, which would become the one-stop-shop for the COVID crisis in CA prisons.

February 2020: My book #YesterdaysMonsters, about the hurdles in the path of aging, infirm people seeking parole, comes out. It becomes a frightening omen of things to come in ways I couldn't imagine at the time.

In March it became evident that the only way to prevent an impending catastrophe was to release people. I started collecting resources.

In early April, I linked between the atrocity of Susan Atkins' last hearing and the impending doom of thousands sentenced to death by COVID. It was obvious that the optics of releasing so-called "violent inmates" was going to sabotage relief efforts.

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