The Securities and Exchange Commission has frowned at the resurgence of Ponzi schemes and illegal fund managers in the country’s financial sector. The Director-General of SEC,...
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...
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 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 Securities and Exchange Commission [SEC] has warned Nigerians against the activities of an online investment scheme, ‘Loom Money Nigeria’, saying it is a Ponzi scheme....
The Economic and Financial Crimes Commission [EFCC] in Benin has arrested a Bishop and suspected fraudster, Giniko Obi, for allegedly defrauding thousands of people of various...
The Economic and Financial Crimes Commission has arrested two Nigerians and a Russian over their involvement a Ponzi scheme which had defrauded thousands of Nigerians of...
Following reports of the death of Sergey Mavrodi on Monday, Nigerians have gone on Twitter to mock his passing, saying he cannot just scam Nigerians and...
Russian fraudster, Sergei Mavrodi, whose MMM pyramid scheme deprived millions of Nigerians of their savings in the 2016 and 2017, has died of a heart attack....