adekunle22 created the topic: Developer of Ikeja City Mall
Developer of Ikeja City Mall, Michael ChudiEjekam in the news again on suspicion of fraud and $1 Billion extortion attempt of Donald Trump
Michael ChudiEjekam is once again the focus of a fraud investigation. Ejekam has now been linked to former basketball star Tate George’s real estate ponzi fraud scheme for which Tate George has been sentenced to a 9 year prison term. While employed by Bayrock, Ejekam partnered with Tate on several real estate deals. George and Ejekam used Donald Trumps name to entice investors into investing in their fraudulent ponzi scheme.
Ejekam with his partner and college roommate Jody Kriss, a former CFO of Bayrock have been involved in a $1 billion extortion scheme against the Bayrock Group, Donald and Ivanka Trump, and several other high-profile individuals, law firms (including Kriss’ father Ronald Kriss’ law firm AkermanSenterfitt, from which Kriss senior was fired right after the lawsuit was filed) and major real estate companies. Ejekam’s lawyers in that extortion case—Richard Lerner & Frederick Oberlander—were referred for criminal prosecution twice in that case for unethical and illegal practices of the law, by United States Federal Judge Brian M. Cogan. The United States Attorney for the Northern District of New York is currently investigating the criminal referral.
Kriss and Ejekam’s close relationship began long before they worked together at Bayrock—starting when they were both in the same class at the University of Pennsylvania, and lived in the same dorm.
Ejekam is rumored to have fled New York to distance himself from all the illegal activities and lawsuits. He was recently fired from the private equity firm, Actis, as Director of Real Estate for West Africa, when his past became know to the firm. Actis developed the largest mall in Nigeria and has extensive investments throughout Africa.