The Brief
- Investigators say Joseph Nantomah used community trust to swindle millions of dollars.
- Nantomah was sentenced to four years in federal prison and ordered to pay more than $2.7 million in restitution.
- The IRS warns investors to independently verify property records and resist high-pressure tactics.
MILWAUKEE – Investigators say a Milwaukee man used his community and culture to swindle people out of millions of dollars. Now, he is headed to prison.
Investment scheme
The backstory:
Federal investigators said Joseph Nantomah flaunted it on social media and attributed his success to his real estate business, but investigators said he was instead using stolen money for personal gain.
A federal indictment explains Nantomah, a Nigerian immigrant, persuaded people in his community to invest millions in a flip-and-fix real estate business, convincing them he owned properties across the area. …