Ponzi scheme: SEC warns Nigerians against investing in PWAN MAX
Nigeria’s Securities and Exchange Commission (SEC) has issued a public warning against Property World Africa Network (PWAN) and its associated ...
Tag: Ponzi scheme
News and stories about ponzi scheme
Resisting Ponzi schemes in Nigeria
This article explains how to spot a ponzi scheme and what to do avoid falling victim.
Why any offer with the word “trading” or “guaranteed” is a Ponzi by Kalu Aja
ANY offer with the words "Trading" and "Guaranteed" is fraudulent. It does not matter if it is currency or bitcoin ...
Inside “PHEBELLA”, “RIO TINTO”, “TECK”, the new Ponzi Schemes promising tantalizing returns
These Ponzi syndicate has masterminded multiple online platforms, simulating trades in cryptocurrency, mining natural resources, and renewable energy products.
Ponzi Scheme: Police finally arrests Bamise Ajetunmobi of Imagine Global Holding, arraigns him
The Nigeria Police Force has finally arrested and arraigned Mr Bamise Samson Ajetunmobi, the owner of Imagine Global Holding Company ...
Court orders banks not to release funds to Chinmark Group over alleged N20 billion scam
4 claimants filed the suit on behalf of themselves and 76 others claiming to have been scammed by Chinmark group ...
JP Morgan Chase CEO, Jamie Dimon calls crypto assets “Ponzi schemes”
JP Morgan Chase CEO, Jamie Dimon has referred to crypto assets as decentralized Ponzi schemes.
Lawyers explain how Ponzi schemes can end in Nigeria
Ponzi schemes are perceived as a poverty alleviation strategy by many Nigerians who are looking for a way to have ...
New bill proposes 10-year prison sentence for operators of Ponzi and pyramid schemes
The House of Representatives has passed a bill for the second reading, recommending a 10-year prison sentence for operators of ...
Ponzi scheme: SEC warns against operations of Poyoyo Investment, FinAfrica Investment Ltd
The Securities and Exchange Commission (SEC) has issued a warning to the public over the activities of FinAfrica Investment Ltd ...
