Allegations of a massive forex trading scam have emerged as Chinonso Ubaduba publicly accused Glory Temidayo Ehinmore, known online as @Chartswithmax, of defrauding him and numerous others out of millions of naira.
The accusations detail a series of deceitful practices involving supposed risk-free investments and fraudulent trading activities.
According to Ubaduba, the ordeal began in early 2022 when a friend referred him to Ehinmore for forex trading lessons.
Ubaduba agreed to pay $1,000 for a professional one-year course, making installment payments. However, the initial trust quickly turned into a nightmare.
Ehinmore allegedly proposed an additional scheme where he claimed he could buy US dollars at the Central Bank of Nigeria (CBN) rate and sell them at the black market, promising a 16% profit cut.
Believing it was a no-risk venture due to the supposed CBN backing, Ubaduba paid the required monthly fees ranging from ₦50,000 to ₦100,000.
Also read: EFCC arraigns Kwara businessman for N170m contract scam
As time progressed, Ehinmore introduced another “capital intensive” business, assuring Ubaduba that it was risk-free and promising returns within six weeks.
Trusting Ehinmore, Ubaduba invested further, only to encounter delays and excuses when he tried to withdraw his money in October 2022.
Ehinmore went offline for several days, later claiming his WhatsApp had been banned.
When Ubaduba reached out via Instagram, Ehinmore reassured him that his funds were secure.
However, his prolonged absence and subsequent excuses raised red flags for Ubaduba.
Ubaduba, determined to recover his funds, tracked Ehinmore to Abuja.
Upon confrontation, Ehinmore admitted to using demo account screenshots to deceive clients into believing he was a successful trader. Realizing the extent of the deception, Ubaduba took Ehinmore to the nearest police station.
Despite Ehinmore’s initial detention, he pleaded health issues and was released on bail. Ubaduba later formalized an agreement with Ehinmore for the repayment of the scammed funds. However,
Ehinmore failed to honour this agreement, leading to his eventual arrest by the Economic and Financial Crimes Commission (EFCC). Despite being released on bail again, Ehinmore has yet to repay the victims.
Ubaduba is not the only victim.
According to him, his cousin lost over ₦2 million, while other victims include a friend in Abuja, a woman in Benin who lost ₦3 million, and a man whose wife fell into a coma and died after being scammed. Collectively, the victims are owed over ₦17 million.
Ubaduba and other victims are calling for public support and intervention to bring Ehinmore to justice and recover their lost funds.
Despite the ongoing efforts, Ehinmore continues to present himself as a profitable trader on Twitter, attempting to lure more unsuspecting individuals.
See his posts below:
So I’ll start by saying Glory Temidayo Ehinmore @Chartswithmax is a thief and a criminal, it’s started early 2022 a friend referred me to him so that I can learn forex trading.
I messaged him and he charged me $1,000 for a professional one year class like he said and I was going to do an installment payment and I later sent him the first payment.
after some months, I was in his what’s app status and he said that he has a way of buying the US physical dollar at CBN and could later be sold at the black market and after selling he would take 16%.
from the total money after selling at the black market, so I texted him and he said that he paid at cbn so that he can be buying from bdc so that i shouldn’t worry that it’s a no risk business.
so I had to register since he’s said it’s Cbn, so he charges for a fee of 50k to 100k a month for the fact that he’s the one buying from cbn and I paid, along the line while we were trading.
he said that there’s a business that is only capital intensive and that all l need to do is send in the money for it into his account and after 6 weeks that I’ll get the interest
on it and that I don’t need to worry about how the business would go and that this second one is also a no risk business and I also keyed into this second one.
Now fast forward to less than two months we started the trading, I planned taking out my whole money at the end of October 2022 so I told him I want to make withdrawal and he said okay.
So i requested for withdraw and next thing Maxwell just didn’t come online for two to three days straight up and I was shocked then I texted him on instagram and he replied me there.
and said that he’s sorry that his WhatsApp got banned and that’s the reason he wasn’t online and that he’s working on it so that he would come back and pay me and others, he then said that my money is safe that he had called then at CBN and asked them to keep my money safe, after that day and next he stopped replying on instagram then after two weeks
he came back and sent a long voice note saying that why he went offline is that he was scammed and he said a lot things, immediately I knew he was lying so I started tracking him and I also filed a petition
immediately against him, so after some months I tacked him and got him in Abuja and other day he posted that he just closed a trade with profit of $2500 so immediately I got him,
I collected his phone and checked for the trade he posted that he just closed on a profit of $2500 to my greatest surprise this boy was posting a screenshot from a demo account
so I asked him why and he said he’s sorry and that’s the only way he can get customers and I just said to my self that boy is a criminal, so that day I took him to the nearest police station close to his side.
and they said that they would keep in jail till the efcc come For him but he pleaded that he had ulcer so I had to pay for his bail to come out that day.
I later went to his house and we had an agreement that he would send our Money in no due time but after then he didn’t pay so later he was picked up by the efcc and after the whole thing
they asked him to get a surety and get bail, he later go that and came out and was asked to pay the money but ever since then he hasn’t paid the money but he would come and claim profitable trader
but can’t pay the money he scammed me. I have already told him that there’s nothing that would make me not collect my money from him, I am not the only one involved in this scam,
my Cousin which I introduced to him was scammed too, my friend Victor in Abuja was scammed too, a girl name Mellisa in Benin was scammed too, a guy who introduced the wife to Maxwell,
the wife sent him money too so when this thing happened she got shocked and went into coma and later she died, the husband is still on it and fighting for his money. From Our book he’s owning me over 17 million naira,
he’s owing my cousin over 2 million naira then owing the benin girl over 3 million naira and then owning the man that lost his wife due to his scam over 700k.
I’m begging the whole twitter to help me! @Chartswithmax is still on twitter forming profitable forex trader, trying to get more people to scam.
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.
