36K views · 961 reactions | The King of Scams Died With Only $75 in His Pocket #CharlesPonzi #PonziScheme Charles Ponzi duped thousands of people in the 1920s, promising to double their money in 90 days. He lived like a king, buying mansions and gold. But when the scheme collapsed, he lost everything. He spent his final years in Brazil, blind and paralyzed, dying with just enough money to cover his own burial. | Big Bang Bogan | Facebook

CBEX, a ponzi scheme, faced looting by angry investors after users were unable to access their funds, highlighting a recurring issue of investment scams in Nigeria. The investors’ frustration stemmed from the platform becoming inaccessible, leading to significant financial losses for individuals like a Libyan returnee who invested her savings. The incident has sparked calls for regulatory bodies like the Securities and Exchange Commission to increase oversight and for citizens to exercise greate

The Economic and Financial Crimes Commission (EFCC) says it has uncovered two emerging Ponzi schemes allegedly masterminded by foreign nationals, through which more than 900,000 Nigerians have lost over ₦18 billion. The Commission is warning citizens to exercise caution with their personal information and investment decisions to avoid falling victim to such fraudulent schemes, as investigations into the financial crimes continue. | NTA Network News

7K views · 388 reactions | Avoid ponzi schemes | SL News Blog | Facebook

1.4K views · 85 reactions | When something sounds too good to be true, think twice! Avoid Ponzi Schemes by recognising the biggest warning signs. If there’s a guaranteed promise of high returns with little risk or a consistent flow of returns regardless of market conditions, it’s potentially a Ponzi Scheme. Put your safety first with FNB’s fraud prevention tips Visit the FNB Security Centre: https://bit.ly/3wlJdLr #FNBSafe | FNB | Facebook