The Securities and Exchange Commission (SEC) has identified a potentially fraudulent investment platform known as Tofro.Com (Tofro) and has issued a warning to Nigerians to be cautious of their tactics, which involve soliciting funds through promises of substantial… SEC Identifies Another Potential Ponzi Scheme In Nigeria …C0NTINUE READING HERE >>>>
The Federal High Court in Abuja has ordered the arrest and remand of six promoters of the now-collapsed and fraudulent cryptocurrency investment scheme known as “CBEX,” over an alleged $1 billion scam targeting Nigerian victims. Henzodaily reports that Justice Emeka Nwite… EFCC To Arrest Six CBEX Promoters …C0NTINUE READING HERE >>>>
In the fast-paced world of financial promises and digital investments, the name CBEX recently joined the notorious Ponzi scheme list that has left countless Nigerian investors heartbroken and financially devastated. CBEX, short for “Crypto Block Exchange,” positioned… CBEX: Shiny Promises, Bitter End Like MMM …C0NTINUE READING HERE >>>>
Over the past decade, Nigeria has become a breeding ground for Ponzi schemes, which have fleeced millions of citizens out of trillions of naira under the guise of “investments,” “donations,” and “cooperative societies.” These fraudulent schemes, often presented as… MMM, CBEX, QNet, 47 Other Ponzi Schemes That Defrauded Nigerians …C0NTINUE READING HERE >>>>
Tension is mounting among users of CBEX, a popular cryptocurrency and forex trading platform, following reports that the company has emptied the accounts of hundreds of investors without prior notice. Henzodaily reports that the platform, which had gained widespread attention… Panic As CBEX Empties Investors’ Accounts, Residents Loot Ibadan Office …C0NTINUE READING HERE >>>>
President Bola Ahmed Tinubu has signed into law the Investments and Securities Act (ISA) 2024, which repealed the Investments and Securities Act No. 29 of 2007. The Securities and Exchange Commission, SEC, disclosed this in a statement on Saturday. The enactment of the ISA… Tinubu signs Investments, Securities Act 2024, prescribes jail term for Ponzi … Read more