The Wall Street financier, who masterminded the largest Ponzi scheme in history and defrauded thousands of investors of billions of dollars, Bernie Madoff, has died in...
Aggrieved investors have reacted to news that Ponzi scheme, Racksterli, has made a comeback after its site crashed last month.
Nigerian tweeps have called out Afropop star Davido after Racksterli, a suspected ponzi investment platform he backed, allegedly crashes.
Philip Obin, an aide to Vice President Yemi Osinbajo, has warned Nigerians against falling for ponzi schemes this Christmas period. In a series of tweets, Obin...
An alleged notorious ponzi scheme operator has been arraigned by the Uyo zonal office of the Economic and Financial Crimes Commission, (EFCC). The man identified as...
Operatives of the Lagos State Police Command have arrested a former banker, Seye Onigbinde, for allegedly defrauding 354 Nigerians to the tune of over N500m in...
Operatives of the Economic and Financial Crimes Commission, EFCC, Port Harcourt’s Zonal Office have arrested 19 staff of a fake investment company floating an alleged Ponzi...
The Zone Six Police Command with headquarters in Calabar, Cross River State, has arrested a fleeing operator of Swizz Gold Ponzi Scheme, Lizzy Efah, over alleged...
A missing Osun State University student, Yemi Olaniyan, who disappeared after coming to Lagos to look for an industrial training placement has come out of hiding....
The money doubling ponzi scheme in Nigeria, MMM, has reportedly frozen the accounts of its members ahead of the Christmas and New Year festivities.