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6 stories tagged ponzi scheme.
Blogger and media personality, Amanda Chisom has been arrested over her alleged participation in an N50bn Ponzi scheme. A Ponzi scheme is an investment scam that involves the payment of purported returns to existing…
A Federal High Court in Lagos yesterday remanded in Nigerian Correctional Services (NCOs) custody a suspected Ponzi scheme operator, Osita David Ikpah a.k.a King David, for allegedly defrauding depositors of…
Popular Nigerian entrepreneur couple, Gloria Igberaese and Muyiwa Folorunsho have been declared wanted by INTERPOL over their involvement in multi-million dollar investment fraud. The entrepreneurs are said to be the…
A former banker, Seye Onigbinde, has been arrested by men of the Lagos State Police Command for allegedly defrauding 354 Nigerians to the tune of over N500m in illegal foreign exchange deals.PUNCH Metro gathered that…
Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back. The new version known as MMM Cooperation promises as much as 50 percent return on any amount…
Pastor Matthew Ashimolowo has responded to media reports about him losing $5million to a Ponzi scheme. Read statement below: “The attention of Pastor Matthew Ashimolowo and KICC has been drawn to publication in the…
