Jesam Michael ARRESTED! Afriq Arbitrage System (AAS) Ponzi Scheme EXPOSED!

BREAKING: Jesam Michael, CEO of Afriq Arbitrage System (AAS), has been arrested for financial fraud.

The mastermind behind the Afriq Arbitrage System (AAS) Ponzi scheme, Jesam Michael, was caught at Murtala Mohammed International Airport while attempting to flee Nigeria. The Nigeria Police Force and Economic and Financial Crimes Commission have launched a full investigation into his multi-million-dollar crypto fraud operation.

WHAT HAPPENED?
Jesam Michael scammed investors across 127 countries out of $87 million, promising high-frequency trading and guaranteed returns of 1.65% per day. In reality, no trading ever took place. AAS was a Ponzi scheme where new deposits were used to pay older investors, and funds were secretly laundered through multiple crypto wallets into a Binance Hot Wallet.

Key Findings from the Investigation:

Fake trading and no SEC license – AAS never had legal approval and provided no proof of real arbitrage trading.
Investor withdrawals blocked for over 18 months while Jesam continued spending investors’ money.
Lavish lifestyle funded by stolen funds, including exotic cars now seized by police.
Fabricated claims of a liver transplant used as an excuse to avoid accountability.
Attempts to silence whistleblowers through intimidation and lawsuits.
Jesam Michael tried to shift the blame onto his associate, Abayomi Segun Oluwasesan, claiming he stole $87 million from AAS. However, investigators discovered that Jesam transferred recovered assets into his personal name instead of returning them to investors. This exposed the truth that AAS was never a legitimate business.

Victims across the world have suffered devastating financial losses, with bankruptcies, broken marriages, and even arrests due to unpaid loans used to invest in AAS. Now, as Jesam Michael faces legal consequences, victims are demanding justice and a full recovery of their stolen funds.

This is exactly why I created The Crypto Ponzi Scheme Avenger—to expose these fraudsters and warn investors before they lose everything. If you or someone you know invested in AAS, share your experience in the comments. The fight against crypto scams is far from over, and together we can hold these scammers accountable.

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