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 ...
Tag: Ponzi scheme
News and stories about ponzi scheme
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 ...
The MTN prank and the dangers of freebies
Recently, a viral tweet put scores of Twitter users in serious debt to mobile telecommunications operator - MTN. A random ...
Ponzi scheme: Court restrains banks from releasing funds to the Ajetunmobis, firm
A Lagos state high court, Ikoyi division has restrained Mr. Bamise Samson Ajetunmobi, Mrs. Elizabeth Anuoluwapo Ajetunmobi, Imagine Global Holding ...
Imagine Global Holdings: How the largest Ponzi Scheme in over a decade was perpetuated
Investors looking for high yielding returns are at risk of losing billions of naira in funds invested through a local ...
SEC steps up fight against Ponzi schemes and illegal capital market operators
The Securities and Exchange Commission (SEC) on Friday vowed to clamp down on illegal capital market operators, especially operators of Ponzi ...
How to curb Ponzi schemes in Nigeria – TGIC Founder
The economic situation and the high incidence of these fraudulent schemes show an urgent need for financial education.
Bernie Madoff, mastermind of the historic $65bn investment fraud dies at 82
Bernie Madoff passed away today at the Federal Medical Center in Butner, North Carolina.
SEC warns against high returns fraudulent schemes
The SEC has warned potential capital market investors against putting their funds in fraudulent investment schemes.
How to tell if you are caught in a ponzi scheme trap | Everyday Money Matters with Ugodre
https://www.youtube.com/watch?v=F2p1mvNNGRc
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