Tag: Ponzi Schemes

So far this year, the SEC has raised the red flag on seven more investment platforms, describing them as illegal ...

Stock market participation in Nigeria remains extremely low. Of the 5 million Central Securities Clearing System (CSCS) accounts required for ...

I was abroad when the CBEX scandal broke: somehow, I tend to be out of town when Nigerians get into ...

The Securities and Exchange Commission (SEC) has issued a fresh warning to the Nigerian investing public, urging vigilance against fraudulent ...

Influencers and celebrities have been cautioned by the Securities and Exchange Commission (SEC) not to support or advertise unregistered financial ...

The Nigerian cryptocurrency industry has applauded a fresh proposal to clamp down heavily on operators of Ponzi schemes and other ...

In the past year, Crypto scammers have pivoted away from running large and complex Ponzi schemes to favouring more targeted ...

The nature of Ponzi schemes is often rooted in the desire to make quick money or easy gain.

The EFCC declared Racsterli, MMM, Galaxy, and Brad Crash Ponzi schemes used to defraud the public

Despite the SEC's countless warnings against the activities of promoters of fraudulent schemes, many seem to continue to fall victim...