Ponzi scheme

The Lagos State High Court sitting in Osborne, Ikoyi has granted an order of Mareva injunction restraining all commercial banks in the country from releasing or dealing in any manner with any money or assets due to Chinmark Group Limited…

Three ponzi scheme operators have been arrested after being exposed by the UBA Plc. UBA Plc was the whistleblower over an account Annexation Business Concept, that led the EFCC Sokoto to arrest three Ponzi Scheme operators. The arrested…

FBI agents arrested American actor Zach Avery on Tuesday in Los Angeles for allegedly masterminding a Ponzi scheme that defrauded investors of hundreds of millions of dollars, according to US authorities. According to the Securities and…

, Maryam Abu Shinga, has been convicted by Justice Lewis Allagoa of the Federal High Court, Kano. The court ordered Shinga to refund a sum of N110, 000,000 in restitution to victims of the ponzi scheme. The woman was convicted Tuesday…