Cryptocurrency

Nigerian SEC clamps down on Yuan Dong Ponzi scam
Golibu

Nigerian SEC clamps down on Yuan Dong Ponzi scam

The Nigerian Securities and Exchange Commission said it has clamped down a Yuan Dong, a Ponzi scheme operator in Nigeria, In an email statement, the SEC said its has attention was “drawn to the activities of an Illegal Operator carrying on business under the name of Yuan Dong (YDEC)”. See […]

Alwayspays ponzi scam shuts down, investors lose money
Golibu

Alwayspays ponzi scam shuts down, investors lose money

It is just so unfortunate for many Nigerians after several warnings from media, government and authorities, they still fall victims of Ponzi scheme like Alwayspays which promised huge returns when it initially emerged. Bef0re Alwayspays defruded its investors, it promised them awesome opportunities in investments. Its promissory notes read “With […]

SEC declares Tine God Networks as a Ponzi scam
Golibu

SEC declares Tine God Networks as a Ponzi scam

The Nigerian Securities and Exchange Commission, SEC has exposed and declared Tine God Networks Limited as a Ponzi scam. In a scam alert distributed on its website, the SEC said Tine God Networks Limited claimed to be an Investment Company that engages in Business Development in Commercial sectors of the […]