Tag: Ponzi Scheme
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Punisher Coin resembles a Ponzi scheme – SEC warns
The Securities and Exchange Commission (SEC) has cautioned Nigerians against investing in a cryptocurrency called Punisher Coin, also known by the symbol $PUN.
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SEC raises alarm over new Ponzi scheme
The Securities and Exchange Commission (SEC) has warned the public against investing in unregistered investment schemes, including Silverkuun Investment Cooperative Society/Silverkuun Limited.
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Ponzi Scheme: Netizens react as MMM resurfaces, rebrands
The social media is awashed with news of the return of MMM, a Ponzi scheme that existed for years before it was shut down. MMM also known as Mavrodi Mundial Moneybox generated a lot of controversy on social media when some parsons who invested in it discovered they had been swindled.
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Ponzi schemes, cancer to capital market – SEC
The Securities and Exchange Commission (SEC) has described ponzi scheme as “cancer” bedeviling effective operations of the capital market. The Director-General of SEC, Mr Lamido Yuguda, said this at a post Capital Market Committee (CMC) meeting press conference in Abuja on Friday.
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Ponzi scheme: NDIC warns Nigerians to beware of fraudulent financial institutions
The Nigeria Deposit Insurance Corporation (NDIC), has advised Nigerians to beware of Ponzi schemes operating under the guise of financial institutions. Mr Chima Onyechere, the Zonal Controller of NDIC, Ilorin Zone, who gave the advice on Wednesday in an interview with newsmen said such financial institutions were fraudulent. Onyechere said the corporation had intensified awareness…
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Chinmark Ponzi scheme: Female Investor commits suicide after losing millions of naira
It was gathered that many people who had invested millions of Naira in the scheme already threatened suicide when the CEO of the project Chinedu Ijeomah disappeared after the ponzi scheme had crashed.
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Comedian Bovi blames Simon Leviev after ‘embarrassing’ London hotel encounter
Nigerian stand-up comedian, Bovi Ugboma, popularly known only as Bovi has blamed Simon Leviev for an otherwise embarrassing encounter he had in a London hotel.
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Ponzi scheme: Police arrest 4 Beninois, 2 other suspects in Gombe
Ponzi scheme: Police arrest 4 Beninois, 2 other suspects in Gombe
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Ponzi scheme promoters to spend 10 years in jail as Reps pass new SEC Bill for second reading
Ponzi scheme promoters to spend 10 years in jail as Reps pass new SEC Bill for second reading
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SEC raises alarm to another fake investment scheme aside Poyoyo
SEC raises alarm to another fake investment scheme aside Poyoyo