The GENIUS Behind the 3rd BIGGEST Bank Fraud in History and How He Tricked a BILLION Dollar Bank
Channel: Money Thinkers
Date: 21/02/2024

#crimedocumentaries #truecrime #crimestories 
The Mastermind Behind One of the Biggest Banking Frauds Ever
Have you ever heard of Emmanuel Nwude, the notorious Nigerian scammer who orchestrated one of the largest cons in history? In this video, we'll delve into how he tricked a major Brazilian bank out of $242 million in the 1990s through an elaborate ruse.

Nwude assembled a team and they each assumed fake identities as high-ranking Nigerian government officials. Posing as the Governor of Nigeria's Central Bank, Nwude made contact with a banking executive at Banco Noroeste. Through skilled persuasion, he convinced the man he was who he claimed to be.

Nwude then exploited this trust by proposing a lucrative investment opportunity, promising substantial returns. Greedy for profits, the executive from Banco Noroeste transferred staggering sums of money totaling $242 million to accounts controlled by Nwude and his accomplices over several years.

Eventually, though, the house of cards came crashing down. Nwude was arrested in 2004 on charges of fraud, conspiracy and money laundering. The following year he received a 25-year prison sentence.

Nwude's deceptive actions cemented his notoriety as one of Nigeria's most famous scammers. He inflicted immense financial losses on his victims and severely damaged trust in Nigeria's banking system through his fraudulent activities. Come learn about the breathtaking extent of his legendary scam.


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