Category: Scams
Top stories, articles and opinions on startups in Lagos, Nigeria and Africa
Konstantin Ignatova pleads not guilty to $1.2 billion OneCoin fraud
There are new developments on the trial of Konstantin Ignatova, the acclaimed CEO of OneCoin…
SEC issues scam alert on Loom Ponzi scheme
The Nigerian Securities and Exchange Commission, SEC, has issued formal warning on Loom Money Nigeria,…
On the road to jail? Derek Loom’s Loom Ponzi scheme gains massive popularity in Nigeria
For many Nigerians who are into Loom Ponzi scheme, they rarely know the man/woman behind…
Nigeria nabs Swissgolden Ponzi scheme promoters, recovers N216 million
It might be an end of the road for three Swissgolden promoters as Nigeria’s anti-graft…
U.S Sec raises fraud alert on Ponzi schemes targeting seniors
The SEC’s Office of Investor Education and Advocacy (OIEA) and Retail Strategy Task Force are…
German financial regulator alerts investors on Goldex Resources shares
BaFin, Germany top financial regulator said it is raising an alert over buy recommendations on…
Prodeum ICO turns out a scam, owners leaves ‘penis’ on blank website
The menace of fraudulent initial coin offerings seems to be larger than we think. Prodeum,…
Investors lose over $2.4 million as Benebit ICO turns out to be a scam
Hundreds and if not thousands of token investors are counting their losses as Benebit, an…
Is this the end of the road? Bulgaria clamps down on OneCoin Ponzi scheme
At the end of the day, the ‘chicken might have come home to roost’ for…
Mahoning Judge, Diane Vettori-Caraballo charged for stealing USD96,200 from client
A Mahoning County judge, Diane Vettori-Caraballo was charged in federal court with stealing at least…