Ponzi scheme

Ponzi scheme: SEC begins verification of 4,160 investors’ claims in Kano

THE Securities and Exchange Commission on Monday announced that it has started to verify claims of 4,160 unpaid investors...

Jennifer UGWA - July 16, 2019

EFCC arrests ‘Bishop’ for defrauding people through ponzi scheme

THE Economic and Financial Crimes Commission (EFCC) has arrested one Ginika Obi, a suspected fraudster who parades himself as...

Kingsley OBIEJESI - January 14, 2019

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FLASHBACK: How Mavrodi’s MMM caused three million Nigerians heartache

Sergei Mavrodi, 63-year-old Russian businessman and founder of the Mavrodi Mundial Moneybox (MMM) Pyramid scheme, died of heart attack...

'Kunle ADEBAJO - March 26, 2018

Sergei Mavrodi, MMM founder, dies of heart attack

Sergei Mavrodi, Russian businessman whose MMM pyramid scheme deprived millions of Nigerians of their savings in 2016, has died...

Chikezie OMEJE - March 26, 2018

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