A federal grand jury has indicted Mohamud Ahmed, the Spring Valley man last month accused of perpetrating a multi-million dollar Ponzi scheme against San Diego’s Somali community. The five-page indictment, unsealed this week, accuses Ahmed of making false statements on immigration documents and falsely securing asylum as a Somali refugee. Ahmed is Ethiopian, the indictment says.
Last month, the Securities and Exchange Commission filed a lawsuit against Ahmed, accusing him of scamming Somali refugees in San Diego and across the country out of more than $3 million. The suit alleges Ahmed leveraged his relationships within the Somali community to gain the confidence of refugees.
Before the federal criminal indictment, both the SEC and local residents who claim they were victimized assumed Ahmed was Somali.
— ADRIAN FLORIDO