Tag
PONZI SCHEMES
So far this year, the SEC has raised the red flag on seven more investment platforms, describing them as illegal operators running schemes that bear the hallmarks of Ponzi operations.
Stock market participation in Nigeria remains extremely low. Of the 5 million Central Securities Clearing System (CSCS) accounts required for stock market participation, only about 100,000 are active, indicating limited ongoing engagement.
I was abroad when the CBEX scandal broke: somehow, I tend to be out of town when Nigerians...
The Securities and Exchange Commission (SEC) has issued a fresh warning to the Nigerian investing public, urging vigilance against fraudulent investment schemes, including Ponzi operations and unregistered digital asset platforms.
Influencers and celebrities have been cautioned by the Securities and Exchange Commission (SEC) not to support or advertise...
The Nigerian cryptocurrency industry has applauded a fresh proposal to clamp down heavily on operators of Ponzi schemes and other illicit activities in the country.
In the past year, Crypto scammers have pivoted away from running large and complex Ponzi schemes to favouring more targeted pig butchering scams a report by Chainalysis revealed.
The nature of Ponzi schemes is often rooted in the desire to make quick money or easy gain.
The EFCC declared Racsterli, MMM, Galaxy, and Brad Crash Ponzi schemes used to defraud the public
Despite the SEC's countless warnings against the activities of promoters of fraudulent schemes, many seem to continue to fall victim...
The Securities and Exchange Commission (SEC) has expressed serious concern over the resurgence of Ponzi schemes and illegal...
The Economic and Financial Crimes Commission (EFCC) has received an average of 1,000 letters filed against Ponzi scheme...