American Businessman Marco Ramirez Receives 74-Year Sentence for EB-5 Visa Scam and Additional Fraud Charges
An Ikeja Special Offences Court has sentenced Marco Ramirez, an American businessman, to 74 years in prison for defrauding investors in a $1.2 million EB-5 visa scam. The conviction came after the Economic and Financial Crimes Commission (EFCC) charged Ramirez with multiple counts of fraud.
Initially arraigned on 12 charges, Ramirez was later re-arraigned on a 16-count charge in June 2022. He pleaded not guilty but was found guilty of collecting funds from victims under the pretext of securing U.S. green cards through investments in his companies—USA NOW LLC, Eagle Ford Instalodge Group LP, and USA Now Energy Capital Group LP.
Prosecutors successfully proved that Ramirez failed to deliver on his promise, swindling his victims. In addition to this case, Ramirez faced another nine-count charge for a separate $368,698.24 fraud scheme.
The presiding judge, Mojisola Dada, sentenced Ramirez to varying prison terms across the charges, resulting in a combined sentence of 74 years.
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