Popular social media influencer, Amanda Chisom, has reportedly been arrested by the police over her alleged involvement in a “N50bn” Ponzi scheme. Amanda’s arrest followed a petition by a Port Harcourt-based...
The topic “86FB” has become a trend on social media after it was reported that the investment platform has crashed with a lot of investors’ money in it. Quite a...
The Economic and Financial Crimes Commission, EFCC, has arrested the duo of Garba Iliyasu and Umar Iliyasu who are alleged to be running a Ponzi Scheme in Kano under the...
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 Scheme that have defrauded...
Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back but not with a bang. This time dubbed MMM Cooperation,...
The Economic and Financial Crimes Commission, EFCC has arraigned the registered trustee of Micheno Multi-purpose Cooperative Society, Mr Uno Michael Eke before Justice Simon Amobeda of the Federal High Court,...
The Securities and Exchange Commission (SEC) warns Nigerians against fraudsters running a Ponzi scheme, “Loom Money Nigeria.” The acting Director-General of the commission, Ms Mary Uduk during a news conference...
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