A Wisconsin court is hearing lawsuits filed by several Nigerians against a real estate investment group, alleging they were defrauded of over $300,000. The lawsuits, filed in the Milwaukee Circuit Court, target Dr. Joseph Nantomah, known as “Black Mentor,” and his companies, Investors Capital LLC and Global Investors Capital LLC.
The plaintiffs claim they invested in property flipping ventures with Nantomah’s group. Oluwafemi Adeosun, a Nigerian residing in New York, alleges he paid Nantomah $80,000 to renovate and resell a property in Slinger, Wisconsin. Adeosun further claims he invested an additional $45,000 in a separate project. The lawsuits allege Nantomah failed to deliver on the promised returns or return the invested funds.
Details of the other lawsuits remain unclear, but the total amount allegedly lost by the Nigerian investors surpasses $300,000. These cases highlight the dangers of international real estate investments, particularly those solicited online or through non-traditional channels.
