Tag: Ponzi Scheme
Precious Williams, director Glossolalia Nigeria Ltd remanded in Rivers prison over N13.8bn ponzi scheme
The Federal High Court in Port Harcourt, Rivers state has remanded Precious Williams, the director of Glossolalia Nigeria Ltd and Pelegend Nigeria Lim [...]
SEC brands PWAN real estate firm ‘fraudulent ponzi scheme’
The Securities and Exchange Commission (SEC) has flagged the real estate investments by Property World Africa Network (PWAN) as fraudulent following m [...]
Alleged fraudster, Chuddy Ugorji of MMM fame returns
Chuddy Ugorji, the initiator of Mavrodi Mondial Moneybox, the popular Ponzi scheme also known as MMM is back in Nigeria.
Ugorji had scampered to the [...]
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