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Ponzi scheme
Ponzi scheme operators face 10-year jail term, ₦20m fine – SEC
The Securities and Exchange Commission has warned that anyone caught operating a Ponzi scheme…
Bernie Madoff, world’s biggest Ponzi scheme mastermind, dies in US prison
The Wall Street financier, who masterminded the largest Ponzi scheme in history and defrauded…
Ponzi site Racksterli returns amid protests, threats from investors
Aggrieved investors have reacted to news that Ponzi scheme, Racksterli, has made a comeback…
Twitter users demand refund from Davido as ponzi scheme, Racksterli, crashes
Nigerian tweeps have called out Afropop star Davido after Racksterli, a suspected ponzi investment…
Beware of ponzi schemes this Christmas, Osinbajo’s aide warns Nigerians
Philip Obin, an aide to Vice President Yemi Osinbajo, has warned Nigerians against falling…
EFCC arraigns alleged notorious ponzi scheme operator in Uyo
An alleged notorious ponzi scheme operator has been arraigned by the Uyo zonal office…
Ex-banker scams 354 Nigerians of over N500m forex investment
Operatives of the Lagos State Police Command have arrested a former banker, Seye Onigbinde,…
Alleged N2 billion scam: EFCC arrests operators of Wonder bank in Port Harcourt
Operatives of the Economic and Financial Crimes Commission, EFCC, Port Harcourt’s Zonal Office have…
PONZI SCHEME! Swiss Gold operator arrested while fleeing Nigeria
The Zone Six Police Command with headquarters in Calabar, Cross River State, has arrested…
I WENT HUSTLING! Missing Uniosun student says he invested his school fees in MMM and lost
A missing Osun State University student, Yemi Olaniyan, who disappeared after coming to Lagos…
Nigerians lament badly as MMM ponzi scheme freezes accounts of participants
The money doubling ponzi scheme in Nigeria, MMM, has reportedly frozen the accounts of…