Emomotimi Agama, director-general (DG) of security and exchange commission (SEC), says the CBEX digital trading platform was ...

Nigeria’s long-standing battle with Ponzi schemes has woven a dark tale of financial deception, one that stretches over ...

Hundreds of Nigerians have lost billions of naira to several Ponzi schemes in the last decade and many more have got their ...

By Helen PaulThe news of another Ponzi scheme, CBEX swindling Nigerians of their hard-earned money running into trillions of naira is quite disturbing. How we continue to cheaply fall victims of these ...

Ponzi schemes have become dangerously attractive in a country like Nigeria, where many are constantly seeking financial breakthroughs. These schemes promise quick returns, little to no risk, and ...

“Ponzi schemes didn’t start today. It’s a global malaise. It started in the 20th century with a man called Charles Ponzi, who then promised that he was going to be able to give every ...

The government must learn from this tragic scheme and be more proactive, not just in policy formulation but in making sure ...

Once that slows down, boom, the house of cards collapses. The scheme is named after Charles Ponzi, an Italian con artist who scammed thousands in the 1920s in the U.S. He promised people 50% ...

We contacted the White House to ask if Musk wanted to comment but received no reply. The term originated with Charles Ponzi, ...

The term originated with Charles Ponzi, a Boston swindler who conned investors out of millions of dollars in 1920 by promising returns of up to 100% in 90 days on investments in foreign postal ...