Explore whether the 24 Crypto Boost scheme, promising to double Bitcoin investments in just 24 hours, is a legitimate ...

Given the name of the play, we know from the jump that Jack’s the Bernie Madoff of the piece. A Ponzi scheme is an investment ruse that pays dividends not from legit earnings but out of the ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

What Is a Ponzi Scheme? Ponzi schemes typically lure in investors by promising high returns with little to no risk. Because initial investors often see high returns at first, early Ponzi schemes often ...

Many investors are asking themselves if we are living in an AI bubble; others have gone beyond that and are simply asking ...

The SEC reveals how Nigerians were swindled out of ₦316 billion by Ponzi schemes, and names the major players behind the country’s most damaging scams. If you stand in the middle of the every-busy ...

There is a way that one expects visits with jailed criminals to go: typically, there's guilt, contrition, the accepting of responsibility. Not so with Bernie Madoff, serving 150 years, the executor of ...

The recent crash of CBEX, a digital asset trading platform that allegedly vanished with over ₦1.3 trillion, has once again exposed the vulnerability of Nigerians to fraudulent investment schemes. CBEX ...

Lucas is accused of luring investors into a Ponzi scheme involving start-up companies in the health and wellness sector, including a luxury skincare business owned by his wife.

Sir: In Nigeria, many people are undoubtedly susceptible to decoy. They’re like fish whose appetites for the foods on the hooks can hardly be suppressed. They’re easily disarmed by baits. And one of ...

Economic and Financial Crimes Commission (EFCC) has charged Nigerians to shun Ponzi schemes as many of such schemes have destroyed lives, eroded trust and undermined national development. Aisha ...