Tag Archives: Ponzi scheme

The Securities and Exchange Commission (SEC) has again reiterated its zero tolerance to Ponzi scheme operations in the domestic economy, noting that its presence is cancerous to growth and development of investment.

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The Securities and Exchange Commission has disclosed that it is engaging the National Orientation Agency as well as regulators of public agencies to curb the activities of illegal operators.

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Against investors’ quest for high yielding investment schemes, the Securities and Exchange Commission (SEC), has warned that, it’s majorly a ploy by Ponzi scheme operators at deceiving unsuspecting investors and defrauding them of their money.

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The Securities and Exchange Commission, SEC has said it will continue to work to protect investors and also ensure the promoters of Ponzi schemes are made to face the full wrath of the law

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The securities and Exchnage Commission has restated it’s resolve to ensure that illegal fund managers in the country are not allowed to operate.

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The Kano Zonal Office of the Economic and Financial Crimes Commission (EFCC) headed by Mr Akan Ezima have busted five (5) brothers suspected to be operating a ponzi scheme.

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SEC raises awareness over fake Ponzi Scheme FRIDAY EKEOBA The Securities and Exchange Comission (SEC) has warned the investing public about a ponzi scheme aimed at defrauding them of their money by offering them a higher interest commission on investment. The Commission in a notice on Wednesday signed by the management, said its attention has been drawn to the activities …

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