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

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi schemes are ...

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

The Economic and Financial Crimes Commission and the Securities and Exchange Commission have vowed to hunt down operators of Ponzi schemes nationwide.The Federal Government agencies declared this on ...

To further reduce public confidence in the system, Musk has tried to diminish service quality through staff reductions and office closures, and by claiming that Social Security is a Ponzi scheme bound ...

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 ...

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

(Mental Floss)-- Investigators are trying to figure out whether the financial fraud allegedly perpetrated by Bernard L. Madoff was, in fact, the largest Ponzi scheme in history. The alleged scam ...

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 ...