A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of ...

Everything is fine until the scheme runs out of new investors and the whole house of cards comes tumbling down. We still hear about Ponzi schemes, or pyramid schemes, as they are more frequently ...

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 ...

If you stand in the middle of the every-busy Lagos Island market and scream, “double your money in 10 days,” at least 100 people will turn to look. You can blame the economy, desperation, or our ...

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 ...

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 ...