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SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme - Business (2) - Nairaland

Nairaland ForumNairaland GeneralBusinessSEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme (43440 Views)

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Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Dpharisee: 8:09am On Dec 25, 2020
We know that it will surely end in tears, even the investors know but want to cash out before it crashes but we all know the end result of Ponzi schemes
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by TheGiftedOne(m): 8:09am On Dec 25, 2020
Take a chill pill all.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by ayanbaba2(m): 8:11am On Dec 25, 2020
nurez305:
That "now now alert" really got me laugh

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Yungmil: 8:11am On Dec 25, 2020
Who is bankrolling them?
How when where?
I have a short fuse so see me well OK?
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Excessnation: 8:11am On Dec 25, 2020
It’s not only youths that invested, even old people invested too.
samx4real:
Lazy Nigerian youths...










If you advise them to leave quick money alone, they won't listen.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Eryyy92: 8:11am On Dec 25, 2020
grin grin grin grin
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by utenwuson: 8:11am On Dec 25, 2020
It's a risk raker..... People have made millions from it....
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by 0taPiaPia(m): 8:12am On Dec 25, 2020
This is real challenge at challenge plaza
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Patoski7(m): 8:12am On Dec 25, 2020
Merry Christmas to the investors grin
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by lkillbrokehoes: 8:12am On Dec 25, 2020
Nigerians will never learn, very greedy and gullible set of people
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Kuubei: 8:12am On Dec 25, 2020
Forex is a very volatile market,they might have blow one big account,,.theres nothing so secured than land investment
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Nobody:
They are still defending that it never crashed oooooo.

Greed and poverty won't allow Nigerians to be wise.
Imagine someone calling Ponzi an INVESTMENT.

All this schemes will never work in Nigeria anymore. I once saw some complaining he invested 55mil in MBA. I was like.... "What level of greed is this"?? A company u ain't the owner n anything can happen at any moment. He would have easily used d money to go into properties. If eventually he doesn't get BK his money from MBA, what's he gonna dohuh

My friend even used his life to convince me around June this year to go n invest with MBA, I refused. He did everything possible n I refused. I asked him several questions. If MBA claims they use a robot which helps them monitor d market well n avoid loses, what happens if almost everyone in d forex biz got that same robot? You think d forex companies will happily be running a biz without making profits ??

Forex is equivalent to bet. There is no single difference. Both are profit n loss biz. Now ask urself this question.. if bettors are always winning every game they stake, do u think bookies will continue emerging from no where on daily basis? Bookies are fully aware they are gaining more than the bettors, therefore will continue with their biz n can't close down. This is same thing applicable to d so called forex. If u think it's a joke, them go n learn n start investing. U will end up understanding this analysis.

Those into forex will always find a way to convince u it's better than bet. I have been into both n u can't convince me. The relationship between both is that LOSSES are both involved. Forex traders will always wanna proove to be legit and legal n see bettors as sinful gamblers whereas both parties are in d business of GAMBLING.


MBA was simply into Ponzi. They were using the new investors money to pay the old investors,d moment d newbies influx got low,they started having issues paying again. Issa simple LOGIC
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by nedekid: 8:13am On Dec 25, 2020
They have invested with investor,
Investor has bought benz grin
Supid idiots that deserve to loose their money. You give someone 360k to pay you 60k monthly. Lol
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by honestivo(m): 8:13am On Dec 25, 2020
I believed their money will be paid
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Excessnation: 8:14am On Dec 25, 2020
Many Nigerians are lazy. You want to stay at home and become rich grin grin
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Meshben10: 8:16am On Dec 25, 2020
MMM steam 2 in camp, they are passing out soon....awòn ole dede
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by sanerugwei: 8:16am On Dec 25, 2020
2ahala
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by InvertedHammer: 8:17am On Dec 25, 2020
/
Their money don enter voicemail.

Why is it hard for them to face reality?

That's how tithe-payers will be stranded at the gate of heaven to realize that Daddy G.O's operations are scam. grin grin

\
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Liwenjing(m): 8:20am On Dec 25, 2020
Forex/binary trading is very lucrative but not for the greedy or lazy ones. Why allowing another man to be giving you fishes when it is better to learn how to fish by yourself by getting well trained to engage in Forex trading. Learn the skill of trading Forex digitally and you won't allow someone trading for you.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by gaskiyamagana: 8:21am On Dec 25, 2020
In Jesus Christ name, your money will get back to you before the year runs out.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by obumsway(m): 8:23am On Dec 25, 2020
gaskiyamagana:
In Jesus Christ name, your money will get back to you before the year runs out.
story .... Pls don't use the name of thy Lord in vain ... !!!!
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Lexusgs430: 8:23am On Dec 25, 2020
Our people never learn....... They keep encouraging all this ponzi financial outfits........... grin
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Flango: 8:25am On Dec 25, 2020
If they were denied by SEC, what stops the EFCC and the so called SARS from going after them?

We have to be proactive in this country. I understand the victims were gullible, but then, they are still citizens of the country, and it is the country's responsibility to try as much as she can to protect them.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Entom(m): 8:25am On Dec 25, 2020
I was paid four days ago. That was my November dividend.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Jack005(m): 8:27am On Dec 25, 2020
And I almost invested in this shit.. I know guys who invested their live savings in this MBA stuff. They so trusted MBA because they had offices around Nigeria forgetting that if someone wants to japa, they can do that in minutes not minding the offices.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by blackmantis: 8:29am On Dec 25, 2020
Many will still get involved when another one starts.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by worworbabe: 8:31am On Dec 25, 2020
The government should please ban radio stations from advertising this scam.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by emmanuelewumi(m): 8:31am On Dec 25, 2020
xscoffy:
They are still defending that it never crashed oooooo.

Greed and poverty won't allow Nigerians to be wise.
Imagine someone calling Ponzi an INVESTMENT
They have to keep hope alive
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Emmanuel909090: 8:32am On Dec 25, 2020
I didn't invest with MBA but a friend of mine who did was paid yesterday. I think they are bouncing back.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Oluwademilade: 8:32am On Dec 25, 2020
What I always tell people when they bring this kind of Ponzi to me is that anyone who promises that kind of return on investment is lying. If you're sure of making 30% profit consistently, you don't need people's money. Why don't they just get a loan and pay back in 4 months with profits.
We're just too greedy and that's why we keep falling for their lies
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by emmanuelewumi(m): 8:33am On Dec 25, 2020
worworbabe:
The government should please ban radio stations from advertising this scam.
Correct
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Adamsking(m): 8:34am On Dec 25, 2020
Sermwell:
Just be wise in this life! My target saving this year was at least #25m. By September I already saved #18m. One useless cousin of mine came to preach MBA forex to me, I just laughed. He pleaded with me to lend him #1m to invest in MBA forex which I did.
Now he's regreting. people sha!!
Chairman please if you by chance have any job openings or opportunities around in port harcourt please can you refer me or help me. Graduate of political science and a very creative person.
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