Ponzi scheme

FTX Founder Guilty of Committing One of the World’s Biggest Financial Fraud … Faces Up to 110 Years in Jail

AP/ FTX founder Sam Bankman-Fried’s spectacular rise and fall in the cryptocurrency industry — a journey that included his testimony before Congress,…

1 year ago

Ponzi Scheme Operator Granted N2Billion Bail

Matilda Omonaiye/ A man who defrauded 170 people of N10.8 billion through a fake investment scheme has been granted N2billion…

3 years ago

EFCC Uncovers Ponzi Scheme Operated by 5 Brothers in Kano, Recovers Firearms from Suspects

Malik Yahya/ Five brothers suspected to be operating a Ponzi scheme have been busted by the Kano Zonal Office of…

5 years ago

How Galaxy Boss pulled-off N7bn Fraud on Nigerian Investors …His Romance with Nollywood

Segun Atanda/ A man who allegedly made N7billion by duping 27, 400 Nigerians through a Ponzi scheme has been arrested…

6 years ago

Back from the Dead, MMM Returns …Advertises on Google

Ronke Kehinde/   Sergei Mavrodi, the infamous Russian crook who stole over N18 billion from about three million Nigerians through…

6 years ago

More Nigerians Embrace Ponzi Schemes, Bitcoin Despite CBN Warning

Matilda Omonaiye/ Nigeria has continued to witness an increase in Ponzi schemes and investment in bitcoin despite the N18 billion…

8 years ago