A 21-year-old student of Federal University of Agriculture, Abeokuta, FUNAAB identified as Nwabuba Victor Ifeanyi has been arrested at the…
PONZI SCHEME
The Dunamis International Gospel Centre has dissociated itself from a Ponzi scheme called “Dunamis Investment Platform.” The Church called on…
The Securities and Exchange Commission (SEC) has warned Nigerians to run away from a new online fraud packaged as investment scheme…
Just two years after Mavrodi Mundial Moneybox (MMM) Ponzi scheme crashed, Nigerians have embraced another Ponzi scheme called Loom Money…
The Federal Government has said that it has perfected plans to flush out Ponzi scheme and illegal lottery operators from…
The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive Officer of Galaxy Transportation and Construction Services Limited, Babagana Dalori, who allegedly defrauded 27,400 Nigerians to the tune of about N7billion through fake promises of mouth-watering returns on their investment in his companies. Dalori, who is currently undergoing interrogation in the Commission, had
Russian businessman Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Russians of their savings in the 1990s, has died…
With the present economy of the country, some individuals have been pushed to run to ponzi scheme for succor. However,…