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 ...

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 ...

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 ...

Over the past decade, numerous fraudulent schemes in Nigeria have swindled billions of naira from unsuspecting investors through elaborate pyramid structures. These schemes lure participants with ...

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

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 ...

The Securities and Exchange Commission (SEC) has sounded the alarm on 79 suspected Ponzi and fraudulent investment schemes The SEC confirmed that it had launched investigations into the flagged ...

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 ...

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 ...

The Social Security benefits program has crucial differences from a Ponzi scheme, which is an illegal money-making fraud. A Ponzi scheme is based on signing up more and more investors to pay off ...

MONTGOMERY COUNTY — A local couple is facing charges after prosecutors say they defrauded investors of millions of dollars in an apparent Ponzi scheme. Wayne T. Essex and his wife, Susan Essex, were ...

Every year, thousands of intelligent and otherwise capable people fall victim to some form of exploitation or fraud. The fallout is devastating, both financially and psychologically. Rates of ...