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The Securities and Exchange Commission (SEC) has, in a bid to clamp down on unregistered investment platforms and curb the growing menace of Ponzi schemes in...
The Securities and Exchange Commission (SEC) has announced that the Crypto Bridge Exchange (CBEX), functioning under the corporate name of ST Technologies International Ltd., continues to...
The Securities and Exchange Commission (SEC) has identified a potentially fraudulent investment platform known as Tofro.Com (Tofro) and has issued a warning to Nigerians to be...
The Federal High Court in Abuja has ordered the arrest and remand of six promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as “CBEX,”...
In the fast-paced world of financial promises and digital investments, the name CBEX recently joined the notorious Ponzi scheme list that has left countless Nigerian investors...
Over the past decade, Nigeria has become a breeding ground for Ponzi schemes, which have fleeced millions of citizens out of trillions of naira under the...
Tension is mounting among users of CBEX, a popular cryptocurrency and forex trading platform, following reports that the company has emptied the accounts of hundreds of...
Twenty-eight individuals suspected of running a Ponzi scheme under the guise of network marketing have been apprehended by agents of the Economic and Financial Crimes Commission...
The Economic and Financial Crimes Commission (EFCC) has revealed 58 fraudulent companies running illegal investment schemes and defrauding Nigerians of their money. Naija News reports that...
Some aggrieved Nigerians have reportedly petitioned the Economic and Financial Crimes Commission (EFCC) to arrest Nigerian comedian, Emmanuel Chuwkwuemeka Ejekwu better known as Sabinus for endorsing...
Nuella, one of the victims of a crash Ponzi scheme, Chinmark Group, who invested millions of naira without her husband’s knowledge has reportedly committed suicide. This...
American actor Zach Avery was arrested by FBI agents in Los Angeles on Tuesday for allegedly masterminding a Ponzi scheme that defrauded investors of hundreds of...
Dunamis International Gospel Centre, on Tuesday, October 8, debunked being behind any online Ponzi scheme called “Dunamis Investment Platform.” Naija News understands that the church, under...
Operatives of the Economic and Financial Crimes Commission (EFCC) has arrested two persons for allegedly operating and swindling their unsuspecting victims through a ponzi scheme. Naija...
Loom Is The Latest Ponzi Scheme In Nigeria Loom Money Nigeria appears to be the latest ponzi scheme making raves among Nigerians and recently, it has...
