Tag: Promoters
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FG shuts down Ponzi scheme in Abuja, arrests promoters
In a swift reaction to stop the influx of Ponzi scheme promoters into the country, the Federal Government through the Securities and Exchange Commission (SEC), has sealed up the premises of Yuan Dong (YDEC) Ponzi scheme over illegal investment operations. This was revealed by the Head, Corporate Communications of the Commission, Mr Naif Abdussalam, in…