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Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? - Investment (2) - Nairaland

Nairaland ForumNairaland GeneralInvestmentWhy Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? (20009 Views)

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Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by bbsteve(m): 1:55pm On Mar 04, 2017
booqee:
back to the topic,

even at my place of work, a lot of my colleagues are now into the ponzi thing, every morning u see people asking, "which ponzi just launched again", let us quickly make some money. u know, that sort of thing..

i have heard of over 30 funny ponzi names now: naracle, moneyblaze, obistar, ogive, loopers, cashpipe, buildmoney, pradapay, wazobia, porscheclub ..... kilode gan!!!!!!!!!!

angry
.

What is your business? why not go about your normal daily work without interfering into other peoples life? Most you talk ?
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by CallmeGlad(f): 1:55pm On Mar 04, 2017
Idrismusty97:
That have been an established fact already. No need to ring it to our ears daily. Na your greed? Abeg which new ponzi scheme don lauch? make i rush drop like 10k cool.
lipsrsealed undecided lipsrsealed embarassed
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by dominique(mod): 1:56pm On Mar 04, 2017
kibra4u:
Did anybody force you to join. Why you dey drink Panadol for someone elses Headache........
You're nothing but a fraudster if you see nothing wrong in people fleecing money from others in the name of Ponzi. What differentiates you ponzi people and from armed robbers is that robbers carry guns. The end result is the same, people lose their hard earned money. If only we were in a working country, you ponzi people should be doing no less than 10 years in jail for fraud. You're so lucky you're in a country where anything goes. Continue to enjoy someone else's sweat, by the time karma catches up with you, don't blame any imaginary village witches. Thief.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Sleezwizz: 1:57pm On Mar 04, 2017
Stelvin101:
Ponzi scheme has made so many Nigerians lazy. This is just the beginning of the End of Nigeria economy if Fed Govt don't swing into action and flush out all these fraudulent Ponzi scheme from Nigeria.
Which Federal Govt. Is it this unserious govt that can't do something right that will flush out ponzi schemes? Ponzi Schemes has come to stay in Nigeria take it or leave it.. Its crashing only depends on d individuals doing it... Anybody that is ready to desist from it will desist...
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by gamechanger1: 1:58pm On Mar 04, 2017
ednut1:
cant be blame this on greed or recession?
GREED
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by copmed: 1:58pm On Mar 04, 2017
Lol, ponzi good you go know say this poster loose money to MMM
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Olalekanbanky1(m): 1:58pm On Mar 04, 2017
bjhaid:
Shut up with that Nonsense
U shud rather shut up. Olodo
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by dominique(mod): 1:58pm On Mar 04, 2017
bbsteve:
.

What is your business? why not go about your normal daily work without interfering into other peoples life? Most you talk ?
We will continue to talk to people open their eyes and put a stop to this ponzi craze. Anybody that sees nothing wrong with all these schemes is nothing but a thief.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Idrismusty97(m): 2:03pm On Mar 04, 2017
dominique:
We will continue to talk to people open their eyes and put a stop to this ponzi craze. Anybody that sees nothing wrong with all these schemes is nothing but a thief.
What haven't we been called? Greedy, lazy, Stupid, thief etc All these panadol for another man's headache, we have so many economists and caring people yet Nigeria is still in recession smiley. Abeg if you know of any new ponzi scheme wey just lauch please let me know.

P.S
From a proud, Lazy Thief wink
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by sauceEEP(m): 2:04pm On Mar 04, 2017
To add to the list....
Trapenda.me
Pyramidpay.com
Supernaira.com
Agatefund.com

All created by yahoo boys to deceive greedy ones...
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by 5chrisade: 2:05pm On Mar 04, 2017
The ponzi schemes servers are not located in NIGERIA, so the government CAN NOT STOP them. the same way the government can not stop facebook, youtube, twitter etc. They can only advice Nigerians to avoid them or participate safely.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Khenfshore: 2:05pm On Mar 04, 2017
What are you guys problem with ponzi scheme? You shouldn't cry more than the bereaved.Million of dollars are stolen from our treasury on daily basis.The looters prosecution and trial in court are fruitless.This should be your concern not ponzi scheme.

I am not involved in ponzi scheme and I don't care about whoever invest in it.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by einsteine(m): 2:06pm On Mar 04, 2017
Gloryfox:
After the crash of MMM and the revelations that followed. Yahoo boys and web designers are now springing up ponzi's schemes daily to scam people and crash the site later.

A visit to facebook will reaveal about 500 of such ponzi's currently on. Eg esusu, twinkas, loopers, getrichclub, money box etc. Considering the backlash MMM received why are other ponzi schemes exempt.

I work as a cashier in a bank and heard EFCC picked up an admin of one of such sites after internal control flagged his account. He got 45m in less dan 3 hours after different people paid 100k into his account. This ponzi frenzy is really a sad situation.
Ponzi schemes are NOT illegal(technically). They are just investment schemes. Until they ACTUALLY defraud investors, EFCC can't do anything legally.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Nobody: 2:06pm On Mar 04, 2017
Gloryfox:
After the crash of MMM and the revelations that followed. Yahoo boys and web designers are now springing up ponzi's schemes daily to scam people and crash the site later.

A visit to facebook will reaveal about 500 of such ponzi's currently on. Eg esusu, twinkas, loopers, getrichclub, money box etc. Considering the backlash MMM received why are other ponzi schemes exempt.

I work as a cashier in a bank and heard EFCC picked up an admin of one of such sites after internal control flagged his account. He got 45m in less dan 3 hours after different people paid 100k into his account. This ponzi frenzy is really a sad situation.
There are more important things to do. Electricity number 1, security no 2. Unemployment no 3. Health no 4. Education no 50.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by PresidentBuhari: 2:06pm On Mar 04, 2017
We have been warning Nigerians on the dangers of Ponzi schemes but they were too daft to listen.

I personally sent a memo to the CBN, SEC and EFCC to send strong signals to the public but Nigerians let their greed take over their conscience.

Hope una see where una land unaselves.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by holatimmy(f): 2:07pm On Mar 04, 2017
They can't actually stop u from fetching your water into a basket...They can only tell you that u are wasting ur time.

On behalf of EFCC I say to all MMM participants....I told you so grin grin
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by rusher14: 2:09pm On Mar 04, 2017
bbsteve:
.

What is your business? why not go about your normal daily work without interfering into other peoples life? Most you talk ?
Because you are looking for a vulnerable widow whose little pension you can steal.

It is the responsibility of any decent folk to dissuade the unsuspecting from such fraud.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by rosalieene(f): 2:10pm On Mar 04, 2017
Idrismusty97:
The so called "crash" caused all these. Both the media and FG lash at MMM, the only scheme trying to get back on it feet(Even right now), the only scheme in which more have gained and are still gaining if not for the FG and Media. The rumour crash of MMM created a Ripple effect, Now you are left with 500 various ponzi schemes, Good luck fighting that cool...

The truth is if we have a functional government no one will engage in these schemes, But now even the Admins of such schemes can manage the economy of the country better than our wrinkled old dinosaurs. Even those who have lost in these schemes will still choose them over our Government anytime any day(It isn't as if our government is even better so why the fuzz?) Ponzi schemes are just taking advantage of the ineffectiveness of our useless government. If you can't beat them, Join them wink
You can say that again!!
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by niggi4life(m): 2:13pm On Mar 04, 2017
Pokenose na im go kill Nigerians, Amebo, Olofofo, gbeboruns, useless people that can not mind thier business... OP wetin concern u? Did anyone robb you of your money? Why are you ranting like a dog infested with rabies?
A typical white man go mind im business except say u distub am.
While i was in d uk for vac, my elder sis was gisting me about her next door neighbour in a council flat where she stays, for more than 2years she didn't know if the neighbour was a he or she, or a black or white. Everyone minds their businesses.

For my house once i on gen, some yeye neighbours go begin carry all their load come charge, na small remain make one of dem almost carry im freezer come charge sef, unto say e wan drink cold water.

Though i am not in support of these ponzi sites, but it's absolutely none of my business



Uche, face ya work ooo
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Lordsocrates: 2:13pm On Mar 04, 2017
ggg
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Nobody: 2:13pm On Mar 04, 2017
Gloryfox:
After the crash of MMM and the revelations that followed. Yahoo boys and web designers are now springing up ponzi's schemes daily to scam people and crash the site later.

A visit to facebook will reaveal about 500 of such ponzi's currently on. Eg esusu, twinkas, loopers, getrichclub, money box etc. Considering the backlash MMM received why are other ponzi schemes exempt.

I work as a cashier in a bank and heard EFCC picked up an admin of one of such sites after internal control flagged his account. He got 45m in less dan 3 hours after different people paid 100k into his account. This ponzi frenzy is really a sad situation.
Send proof
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Lordsocrates: 2:15pm On Mar 04, 2017
yh
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by dominique(mod): 2:19pm On Mar 04, 2017
Idrismusty97:
What haven't we been called? Greedy, lazy, Stupid, thief etc All these panadol for another man's headache, we have so many economists and caring people yet Nigeria is still in recession smiley. Abeg if you know of any new ponzi scheme wey just lauch please let me know.

P.S
From a proud, Lazy Thief wink
I can only advise you to stop being gullible, you can go ahead and invest in all the hundreds of Ponzi schemes around, it's kukuma not my money smiley

To whom brain is given, sense is expected
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Rhea: 2:29pm On Mar 04, 2017
Ponzi schemes liberate money (the same money wey we no get) from the hands of those that deny they don't have money and ensure that money remains in circulation. Banks are so busy these days with all the transactions they make. So much money in circulation. Churches are the headquarters of ponzi schemes. They command the loyalty of an enormous network of gullible humans. So I don't expect the CBN/EFCC/SEC ti do anything. It is left for Nigerians to tell themselves the truth, stop deceiving themselves and focus on legitimate business ventures that take hardwork and dedication to reap benefits. There is no overnight success in business unless you are an armed robber or a kidnapper or political robber. Even they still have to plan their way before they start reaping their ill proceeds.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by tziz(m): 2:41pm On Mar 04, 2017
I dont know about the others but stay clear of ESUSU! It's a big Scam!!
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by smartkester(m): 2:48pm On Mar 04, 2017
akzjazz:
OP I don't think the agencies you stated are keeping quiet. On the contrary I remember when both SEC and CBN warned against MMM and other ponzi schemes.
I think the problem is our collective greed and stupidity because I can't see any sane Nigerian participating in any scheme seeing as MMM just crashed recently taking people's money
am not a fan of any ponzi scheme. But hello, MMM did not gulp anybody's money. The money is still within this same Nigerians. Don't forget that this so called ponzis don't have a central account. It's a peer to peer donation only few people are making it in ponzis large number are loosing
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by soldierdollar(m): 2:52pm On Mar 04, 2017
Xperience12:
Writing this to warn all Nairalanders to beware of Softfund.org. They are fraudsters. The website came out today and was introduced to me by a friend of mine on whatsapp. I registered and was matched to pay someone N20,000, one Ifeanyi. I was given one hour to do so. So I quickly used my mobile banking and sent in the money. All for me to come back to my database page and the details been wiped off and I haven't been confirmed. After a while I was rematched to pay someone else. Meanwhile nothing is being said about my N20,000 again. Guys please careful of the type of sites you register on. I've been duped now and wouldn't like anyone else to be. Share this news and save people from falling to such scams. Tell them not to register on Softfund.org o!

See images to confirm what I mean.
Serves you right .when we warn people like you , you tag us haters
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Nobody: 2:53pm On Mar 04, 2017
dominique:
The whole thing happened so fast, nobody knew that there will be over 500 Ponzi schemes within the space of a few months. Still, the authorities have to spring into action, investigate and arrest the fraudsters behind these numerous schemes. They're getting to many, what is more annoying is that people are foolishly joining them and losing money to them.
you haven't answered my question yet! which Ponzi scheme are you involved in?! An advert for paidcycler was placed on nairaland. Definitely, the admin or one of the moderators of this site is involved in one or two of this spring up Ponzi schemes.
Re: Why Are SEC, CBN, EFCC And Others Keeping Quiet On Ponzi Scheme's Springing Up? by Nobody: 3:03pm On Mar 04, 2017
rosalieene:
You can say that again!!
I can't believe a pretty lady like you can be so dull!
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