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Stay Off ‘loom Money Nigeria’, SEC Warns - Investment - Nairaland

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Loom Money Nigeria: Crash Of Ponzi Scheme Imminent As SEC Warns Nigerians / Loom Money Nigeria Is A Pure Scam And Is Illegal / ‎Avoid Ponzi Schemes! SEC Warns Nigerians (2) (3) (4)

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Stay Off ‘loom Money Nigeria’, SEC Warns by unclesuruoffi: 4:53am On May 17, 2019
Nigerians have been warned to stay off Loom Money Nigeria by the Securities and Exchange Commission, SEC, who alleged that it is being ran by fraudsters. According to Mary Uduk, acting director-general of the commission, the scheme targeted young people, luring them to participate in a pyramid model of the Ponzi. In a news conference in which she was represented by Efe Ebelo, SEC’s head of media, she stated that Loom Money Nigeria had taken over the social media.

She further revealed that those behind the ponzi scheme “carry out their illegitimate activities” via social media platforms like Facebook and WhatsApp, and they lure young Nigerians to invest as low as N1,000 and N13,000 and to get as much as eight times the value of the investment in 48 hours. The SEC who warned Nigerians to stay off Loom Money Nigeria which has no tangible business model, said;

“Unlike MMM that had a website and the promoter known, the people promoting Loom are not yet known and this pyramid scheme operates through closed groups mainly on Facebook and WhatsApp. If it were a local Ponzi scheme with known offices, it would be very easy for the Commission to seal their offices and freeze their accounts."


https://unclesuru.com/2019/05/17/stay-off-loom-money-nigeria-sec-warns/

9 Likes 2 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Nobody: 5:28am On May 17, 2019
F



T




C

4 Likes

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Christaks(m): 5:28am On May 17, 2019
Ok
Re: Stay Off ‘loom Money Nigeria’, SEC Warns by inoki247: 5:28am On May 17, 2019
Lol buh the Federal Govt don loom us to China

55 Likes 4 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by efosases: 5:29am On May 17, 2019
grin
Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Aderewah: 5:29am On May 17, 2019
An average Nigerian will not be successful. They don't want to learn skills, they don't invest in themselves. They don't go to seminars, they will never read. They prefer to be hunting for use 1k to get 500k. As if that makes any sense.

226 Likes 19 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by morikee(m): 5:30am On May 17, 2019
Loom

1 Like

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Nobody: 5:30am On May 17, 2019
I hope Nigerians listen to this

1 Like 2 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Sirjohn84(m): 5:31am On May 17, 2019
A Word is enough 4d wise

3 Likes 1 Share

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Gentlewarrior1(m): 5:31am On May 17, 2019
Then no dey hear word


Na so one idiot was advising me to invest in it. That he has made upto 500k him and his group. I tell am god punish am to his face


Pple no dey ever learn till dem vamoose with una money

82 Likes 5 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by otunbalamba: 5:32am On May 17, 2019
cheesy loom for loominijibiti cheesy

50 Likes 3 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by JudgeOGBUNABALI(m): 5:32am On May 17, 2019
angry
Re: Stay Off ‘loom Money Nigeria’, SEC Warns by MrHighSea: 5:32am On May 17, 2019
Doom

2 Likes 1 Share

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Campusparot: 5:32am On May 17, 2019
Nigerians like reaping where dey didn't sow

21 Likes 1 Share

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by sthecy(f): 5:33am On May 17, 2019
they won't listen till someone commits suicide

26 Likes 4 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Campusparot: 5:33am On May 17, 2019
How will you sow APC and expect to reap good

How will you sow Buhari and expect to reap Atiku

50 Likes 1 Share

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by MANNABBQGRILLS: 5:33am On May 17, 2019
Campusparot:
How will you sow APC and expect to reap good

How will you sow Buhari and expect to reap Atiku

Will you go and put down your mummy's phone now before she wakes up, and get ready for school.
STOP typing incoherent rubbish online.

You know a 12 year old when he types!

78 Likes 10 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Nobody: 5:33am On May 17, 2019
Where is mmm chudi Nigerians are daft people

10 Likes 1 Share

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by globalresource: 5:33am On May 17, 2019
They gave credit to mmm this time... Lol

7 Likes

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by MANNABBQGRILLS: 5:35am On May 17, 2019
We hope they listen...

Greediness is not a disease...it's something worse!

17 Likes 9 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Okoyeebows: 5:39am On May 17, 2019
No, let them remain there.

All those loom programs would crash in 2 to 3 weeks from now.

2 Likes

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by helinues: 5:39am On May 17, 2019
Loom money also Doom money

8 Likes 1 Share

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by jimi4us: 5:39am On May 17, 2019
Why is it that some people have decided that they will never have sense?

2 Likes

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Sheriman(m): 5:39am On May 17, 2019
Nigerians are very stubborn people despite all these awareness and caution to avoid all these fraudulent scheme some gullible ones will still invest their money.. after they have been duped by the fraudster their last resort is to begging, see They are the one begging online for money..

12 Likes 1 Share

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by mirabel001(f): 5:40am On May 17, 2019
loom cannot crash because it doesn't have website. ...it's just WhatsApp group tinx. ...abi WhatsApp go crash?
it's more or less like contribution stuff....It can only slow down but it can't crash

4 Likes 5 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Just2endowed2(m): 5:42am On May 17, 2019
unclesuruoffi:
Nigerians have been warned to stay off Loom Money Nigeria by the Securities and Exchange Commission, SEC, who alleged that it is being ran by fraudsters. According to Mary Uduk, acting director-general of the commission, the scheme targeted young people, luring them to participate in a pyramid model of the Ponzi. In a news conference in which she was represented by Efe Ebelo, SEC’s head of media, she stated that Loom Money Nigeria had taken over the social media.

She further revealed that those behind the ponzi scheme “carry out their illegitimate activities” via social media platforms like Facebook and WhatsApp, and they lure young Nigerians to invest as low as N1,000 and N13,000 and to get as much as eight times the value of the investment in 48 hours. The SEC who warned Nigerians to stay off Loom Money Nigeria which has no tangible business model, said;

“Unlike MMM that had a website and the promoter known, the people promoting Loom are not yet known and this pyramid scheme operates through closed groups mainly on Facebook and WhatsApp. If it were a local Ponzi scheme with known offices, it would be very easy for the Commission to seal their offices and freeze their accounts."


https://unclesuru.com/2019/05/17/stay-off-loom-money-nigeria-sec-warns/




Why not trace there IP and know who created the site.... If it's a whatsapp, you guys can pretend to invest and lure all the admin and arrest all of them.

14 Likes 2 Shares

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by MarianaTrench: 5:52am On May 17, 2019
Let those who have ears hear!

2 Likes

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Kobicove(m): 5:53am On May 17, 2019
It's mainly greedy and ignorant people that fall victim of these schemes undecided

5 Likes 1 Share

Re: Stay Off ‘loom Money Nigeria’, SEC Warns by Gosj01(m): 5:53am On May 17, 2019
Una just dey wake? When some people don dey regret falling for the scam already.






Selling cheap and super neat laptops is what I do.


Details on signature.

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