Category: Ponzi Scheme

The Economic and Financial Crime Commission (EFCC) is set to arrest four Ponzi scheme operators across Nigeria within the next few weeks. This was disclosed…

View More EFCC to arrest another 5 Ponzi scheme operators

By Stewart Bishop (April 20, 2022, 8:34 PM EDT) — One of the operators of defunct Miami investment firm Biscayne Capital on Wednesday admitted to…

View More Biscayne Capital Principal Cops To $155M Fraud

In the ongoing eight-year-old probe into the Rs 60,000 crore Pearl Group ponzi scam, a special CBI court has for the first time granted regular…

View More Rs 60,000 cr Ponzi scam: Among 8 Pearl Group directors arrested in 8-yr probe, first one walks out on regular bail

WILMINGTON, N.C. (WECT) – New details in the alleged Ponzi Scheme conducted by a Wilmington man show years worth of investments lost, and how the…

View More Transcripts shows how man accused of running a Ponzi Scheme promised to return funds

The mother of Ovaioza Yunusa has been detained by the Federal Capital Territory (FCT) Police Command for allegedly scamming Nigerians who invested in her daughter’s…

View More Police apprehends mother of Ponzi scheme operator, Ovaioza over fraudulent investment operations

Barry Kloogh splashed cash on clothes, trips and late model European cars, with money that was not his to spend. The Dunedin-based financial adviser, groomed…

View More The long con: New podcast on the multimillion-dollar fallout from Barry Kloogh

More Nigerians continue to fall victim to investment and crowdfunding fraud by the day. While many have become homeless, out of school and indebted as…

View More Crowdfunding mess is a function of regulatory failure in Nigeria – Nnamdi Chife, Chive GPS

article WEST ALLIS, Wis. – West Allis police are searching for the driver involved in a police pursuit Wednesday morning, April 20. Two passengers were…

View More West Allis police pursuit; 2 in custody, driver sought

“With liberty and justice for all.” Oh were it true. In reality though, the best American justice is reserved for the powerful. Sure, occasionally they’ll…

View More Bender: Something’s rotten in the state of South Dakota – InForum

Image sourced from Shutterstock. The world seems to have gone ‘crypto-mad’. Digital currencies like bitcoin, Monero, Ethereum, and even Dogecoin, are all over the internet.…

View More Crypto Scams on the Rise in SA: Here’s How to Protect Yourself – IT News Africa