Tag: Ponzi Scheme
NAICOM dissociates self from trending Ponzi scheme
The National Insurance Commission (NAICOM) has dissociated itself from a Ponzi scheme, which was recently ascribed to it and is…
MMM Ponzi Scheme In A Comeback Bid
The money making scam, Mavrodi Mundial Moneybox (MMM), that collapsed months ago, has launched a weekly promotional stunt, obviously aimed…
Depression making ponzi schemes thrive in spite of risks – Yudala
Yudala, an e-commerce firm has said that ponzi schemes are thriving in the country due to depression.
Indian Ponzi Scheme MD Arrested
After dodging the police for over 4 years, Mir Sahiruddin, managing director of Green Ray International Limited (GRIL), was netted…
Ashimolowo not involved In Ponzi scheme – KICC
The Kingsway International Christian Centre (KICC), a London- based organization, of the main church pastored by Matthew Ashimolowo, has refuted…
Business, Headlines, Metro, News
Trending: Mathew Ashimolowo’s church loses $5m to Ponzi Scheme
Kingsway International Christian Centre, a 12,000-member mega church in Britain headed by Nigeria’s Pastor Mathew Ashimolowo, lost $4.8 million to…
Nigeria’s $2.5m Ponzi scheme operator charged
The Economic and Financial Crimes Commission has charged a 35-year-old man, Segun Bright before an Ikeja High Court in Lagos…
President Linked With Wonder Bank Fraud
A group of lawmakers in Benin Republic wants President Boni Yayi impeached over his suspected involvement in a Ponzi scheme…