Category: Ponzi Scheme
Nigeria’s special fraud unit, arrests Dominic Joshua Ngene for allegedly defrauding investors to tune of N2 billion in a 60% ROI Ponzi Scheme
A young man in the name, Dominic Joshua Ngene, had…
Posted in Ponzi Scheme
Beware! Jeunesse Is A Ponzi Scheme In Disguise
Jeunesse plays a central part in Randy and Wendy Ray’s…
South Africa freezes $1 million rand belonging to Up Money Ponzi Scheme
In South AFrica, the Asset Forfeiture Unit has obtained two…
Nigerians lose over N100 million to Wazobia Investment scam
Wazobia Investment is another Ponzi scheme that has stolen millions…
Under investigation for running a Ponzi scheme in South Africa, here is the man who started Crowd1
Last week, authorities in South Africa said they have started…
South Africa is investigating Crowd1 Ponzi scheme
Authorities in South Africa have opened an investigation into a…
Stanford researchers expose Binomo social media scam in a scathing report
In a scathing report authored by Stanford Internet Observatory researchers-…
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SEC issues scam alert on Loom Ponzi scheme
The Nigerian Securities and Exchange Commission, SEC, has issued formal…
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Nigeria nabs Swissgolden Ponzi scheme promoters, recovers N216 million
It might be an end of the road for three…
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U.S Sec raises fraud alert on Ponzi schemes targeting seniors
The SEC’s Office of Investor Education and Advocacy (OIEA) and…