Network (PWAN), through its PWAN MAX platform, describing the company’s operations as characteristic of a fraudulent Ponzi ...

A Brazilian court has reportedly sentenced Joel Ferreira de Souza, the lead launderer behind the Braiscompany cryptocurrency Ponzi scheme ... using seemingly slick marketing and fabricated ...

A Ponzi scheme is a type of financial fraud ... by companies inviting you to sell products through multilevel or network marketing models. These offers may have attractive terms, such as choosing ...

The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement ...

He further wrote, “Having done all the checks, the platform flies all the flags of a Ponzi scheme ... based on the size of their referral network. Early participants are paid from the ...

According to Nigeria’s Securities and Exchange Commission, three million Nigerians lost N18bn when the popular Ponzi scheme ... “Aggressive marketing, social proof, and the use of ...

MMM was founded by a Russian, Sergei Mavrodi. Using the tag line of “social financial network” aimed at “providing help,” the Ponzi scheme promised a 30 per cent monthly return to investors.

a Ponzi scheme in Ibadan, Oyo state capital, following the crash of the investment platform. Officers from the Nigeria Police Force and the Western Nigeria Security Network, popularly known as ...

The scheme depended ... expanding network of recruits, its model crumbled once the cash flow was interrupted, resulting in massive losses for its investors. In 2019, surefund ponzi operated ...