“Cryptocurrency business is nothing but a Ponzi scheme” – Lagos judge
An Ikeja Special Offences Court on Tuesday sentenced a forex trader, Shola…
Nigerians have lost N200bn to ponzi schemes – Financial experts
Ponzi Schemes, easy money promised through an elaborate network in which participants…
Police arrest 4 Beninese for operating ponzi scheme in Nigeria
The Gombe State Police Command has arrested six suspects, including four Benin…
EFCC arrests 3 in Sokoto over N3.5bn failed ponzi scheme
The Economic and Financial Crimes Commission (EFCC), Sokoto Zonal Office says it…
EFCC arrests Ibadan CEO over N128m investment scam
The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office, has arrested…
SEC, Group to Train Security Agencies, Lawyers on Tackling Ponzi Scheme
The Securities and Exchange Commission (SEC) in collaboration with the Attorney…
N2bn Ponzi Scheme Alleged Fraud: Lawyer Petitions EFCC, AGF, Others
A legal practitioner, Mr Ifeanyi Mamah, has petitioned the Economic and…
“We should focus our energy on lottery, it is bigger than the oil sector”- FG
The Federal government, through the office of the Secretary to the government…
EFCC arrests, Dalori, CEO Galaxy Transport, over N7bn Ponzi scheme
The Economic and Financial Crimes Commission (EFCC) has arrested the Chief Executive…
Ponzi scheme: SEC shuts down Dantata Success and Profitable Company Kano
The Securities and Exchange Commission (SEC) has sealed off the premises of…
Swiss Golden Ponzi Operator in Police custody over N1bn Scam
An operator of a Swiss Golden ponzi scheme, Golden Achievers is in…
NAICOM dissociates itself from trending Ponzi scheme, warns Nigerians
The National Insurance Commission (NAICOM) has dissociated itself from a Ponzi scheme,…
MMM Founder Sergei Mavrodi Reportedly Dies Of Heart Attack
The founder of MMM, Sergei Mavrodi has been found dead of a…
Salesman Fraudster Sentenced to 13275 Years In Prison
Pudit Kittithradilok, 34 a con artist in Thailand has been sentenced to…
Nigerians moan loss as MMM officially closes shop
Popular ponzi scheme MMM has officially ended its business in Nigeria following…
MMM Ponzi Scheme in a comeback bid
The money making scam, Mavrodi Mundial Moneybox (MMM), that collapsed months ago,…
Nigerian Beauty Queen Falls From Throne To Kirikiri Prisons Abandonment
Nigerian beauty queen, Ugwu Joy, the reigning Miss Asaigbo 2016 has landed…
Dangote raises fraud alert on “Happy World Meal Gate”
The Dangote Group has raised alarm over a Ponzi scheme in circulation…
Screenshots: Ponzi Scheme Owner Cries Out After Members Beat Her Up, Arrested Her
A female owner of a ponzi scheme which has since failed has…
This Is How we’re going to End Internet Ponzi Schemes- Group
The Nigeria Internet Registration Association (NIRA) on Friday, said it had mapped…
NDIC Reveals How Much Nigerians Lost To MMM Scheme
Following the suspected crash of the Mavrodi Mundial Movement popularly known as…
How Ponzi Schemes Nearly Ruined My Life – Participant Narrates
A Nigerian man took to his social media page on Facebook to…
Ponzi Scheme MD Hiding In Nigeria Arrested
The Managing Director of Green Ray Intentional Limited, GRIL, Mir Sahiruddin, has…
MMM Nigeria Subscribers to Meet National Assembly to Legalise Scheme
Nigeria subscribers of the controversial Ponzi scheme, Mavrodi Mondial Moneybox (MMM), are…
MMM Nigeria releases new guidelines for participants in 2017
According to reports, MMM programmers are working earnestly with a new model…
NNN Nigeria: Nigerians warn against joining new Ponzi Scheme
Days after popular ponzi scheme MMM announced the freezing of its participants…
I Did Not Invest In Ponzi Scheme, My Church Did – Pst Matthew Ashimolowo
The senior pastor of Kingsway International Christian Centre (KICC), Matthew Ashimolowo,says the…
Pastor Mathew Ashimolowo’s KICC Loses $4.8 Million To Ponzi Scheme
Following an inquiry report published by the Charity Commission for England and…
MMM Panic: Students Who Invested School Fees Into Scheme Lament
Following the suspected crash of the MMM Nigeria online money lending scheme…
January 14th 2017 Is The Official Burial Date Of MMM Nigeria – Somto Monanu
Nigerians will never stop to amaze me and this MMM scenario further…