Tags Ponzi Scheme

Tag: Ponzi Scheme

EFCC nabs ‘Ponzi Schemer’, recover firearms in Kano

The Economic and Financial Crimes Commission, EFCC, has arrested the duo of Garba Iliyasu and Umar Iliyasu who are alleged to be running a Ponzi Scheme in Kano under the name, MGB Global Market.

Despite defrauding Nigerians millions of naira in the past, MMM Ponzi Scheme is back

Notorious Mavrodi Mundial Moneybox (MMM), the Ponzi scheme which dashed the hope of over three million Nigerians in 2017, is back.

Despite being scammed of billions, Nigerians fall for another Ponzi scheme

Barely a few years after Mavrodi Mundial Moneybox (MMM), a popular ponzi scheme, crashed in Nigeria, “Loom”, another money-making scheme, is fast becoming the cash out scheme among Nigerians.
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