SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme - Business (3)

SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme - Business (3) - Nairaland

Nairaland Forum › Nairaland General › Business › SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme (43421 Views)

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Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by jossytech(m): 8:34am On Dec 25, 2020

fastseo:
Those who owns MBA Forex have probably right now launched 6 different schemes under different name

MBA reloaded
MCC forex
LMN Bitcoin trading
MSC instant cash out.
BSC lending team. Etc
PhD Forex too lol

By March next year, Out of the 6, two will become popular and Nigerians will sign up to put in their hard earned money

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Miyachi: 8:34am On Dec 25, 2020

That word, investor, has been grossly misused in recent times.

5 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by daddytime(m): 8:34am On Dec 25, 2020

Lol

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by emmanuelewumi(m): 8:35am On Dec 25, 2020

Oluwademilade:
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

They don't have collateral and banks are not stupid

4 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by adonainana: 8:39am On Dec 25, 2020

Have noticed a pattern

Whenever there is a pending recession or a current recession in Nigeria, a lot of Ponzi schemes spring up,

Just like in late 2016 and 2017, it was only MMM, there were like hundreds, MMM was just the biggest because it had billions of naira in it.

Forex is real and sometimes just like any investment the value of your investment can go up and go down, this is what people fall for and the fund managers too never are truth full about the whole thing.

Apart from Nigeria stock exchange, all other investment schemes in Nigeria are Ponzi run alike. They simply subtitute funds of new members for old members. If it’s years or months Kasala will eventually burst

Anyone please I run a hotel business and I’m looking for someone to invest in my hotel business, I make 600,000 naira in sales every month ( I have my books of records for
Anyone to see and view )

I need investments above 50k . I can easily offer a 30 percent return on investment

Please my hotel business is a real
Business and is located on the expressway here in Ibadan

Please reply to this text so we can publicly discuss everything on here for everyone to see

Please help rich people in the house

2 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by angelfallz(m): 8:40am On Dec 25, 2020

Excessnation:
Many Nigerians are lazy. You want to stay at home and become rich

There are people who stay at home and become rich through the right investments

2 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Whitecoal711: 8:41am On Dec 25, 2020

I pray no one falls into suicidal depression

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by jossytech(m): 8:41am On Dec 25, 2020

Excessnation:
Many Nigerians are lazy. You want to stay at home and become rich

Some of us do

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Mrpojj(m): 8:42am On Dec 25, 2020

speakeroftruth:
Dennis Naku, Port Harcourt

https://punchng.com/rivers-forex-investors-panic-over-operators-alleged-collapse/?amp=1

Lol I laugh
Many people don't know what is happening
There is a serious plot to discourage people from entering into forex
Who the hell told you 15% per month is not possible in forex?

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Eboski(m): 8:42am On Dec 25, 2020

I invested in August it was my brother's wife that persuaded me to joined
after so much talk I gave her the money to invested for me, I even came online to asked if MBA is trading on forest someone told me to go ahead and invest in it, today I am regretting it because I was only paid September and she used her money to paid me October, supposed to be Nov up till now I didn't receive any money, I have never did ponzi scheme in life before, I just dash a fellow man my hard earn money... stupid me

8 Likes 1 Share

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by angelfallz(m): 8:43am On Dec 25, 2020

Liwenjing:
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.

It's not everyone that has the time to trade or learn. The thing is people should invest with regulated companies, like United Capital PLC group

1 Like

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by jossytech(m): 8:44am On Dec 25, 2020

Liwenjing:
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.

Not all ppls has time to train n trade emsef I trade for ppls too but no fix return

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by emmanuelewumi(m): 8:44am On Dec 25, 2020

Mrpojj:
Lol I laugh
Many people don't know what is happening
There is a serious plot to discourage people from entering into forex
Who the hell told you 15% per month is not possible in forex?

It is possible but can't be consistent for 6 straight months.

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Mrpojj(m): 8:45am On Dec 25, 2020

emmanuelewumi:
It is possible but can't be consistent for 6 straight months.

Baba it's possible if you know what u are doing

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by sgtponzihater1(m): 8:45am On Dec 25, 2020

@DrAkpa you are worst than SARS. See what you convinced your fellow man to involve in. The heart of man is desperately wicked, and your love for money show the evil in ur heart.

7 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by angelfallz(m): 8:47am On Dec 25, 2020

Oluwademilade:
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

Wow you're right, that's wise of you. But you might want to maximise your gains. With a loan maybe your take home could b, 50k, but with people's money you're take home could be 5million.

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by gaskiyamagana: 8:47am On Dec 25, 2020

obumsway:
story .... Pls don't use the name of thy Lord in vain ... !!!!

Hun hun, how many times in Jesus name has been used and used on glaring impossible mission? Only Jesus Christ can save is not possible here or what?
Once again Jesus will help dem recover their money by next year.

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by emmanuelewumi(m): 8:47am On Dec 25, 2020

Mrpojj:
Baba it's possible if you know what u are doing

And Dangote did not go into this line of business, banks don't even make 40% from their forex Investments. Forex trading contributes about 15% of the total revenue of most banks.

5 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Feggie3: 8:48am On Dec 25, 2020

Entom:
I was paid four days ago. That was my November dividend.

How much did you invest? That they've paid you is not enough evidence to overrule the fact that they are already shaking.

Congrats though, if you can terminate the contract the earlier the better.

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Nobody: 8:49am On Dec 25, 2020

I talk am, 20% every month, not sustainable, MMM version 2020, from software upgrade to CBN freezing their account to moving his family out of PH to one obscure village to his fainting act.

Guy kiss your funds goodbye, no one sells a profitable business unless it is about to crash, seen that during the days of Enron.

3 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Sermwell(m): 8:49am On Dec 25, 2020

adonainana:
Have noticed a pattern

Whenever there is a pending recession or a current recession in Nigeria, a lot of Ponzi schemes spring up,

Just like in late 2016 and 2017, it was only MMM, there were like hundreds, MMM was just the biggest because it had billions of naira in it.

Forex is real and sometimes just like any investment the value of your investment can go up and go down, this is what people fall for and the fund managers too never are truth full about the whole thing.

Apart from Nigeria stock exchange, all other investment schemes in Nigeria are Ponzi run alike. They simply subtitute funds of new members for old members. If it’s years or months Kasala will eventually burst

Anyone please I run a hotel business and I’m looking for someone to invest in my hotel business, I make 600,000 naira in sales every month ( I have my books of records for
Anyone to see and view )

I need investments above 50k . I can easily offer a 30 percent return on investment

Please my hotel business is a real
Business and is located on the expressway here in Ibadan

Please reply to this text so we can publicly discuss everything on here for everyone to see

Please help rich people in the house

I was actually taking you seriously until you mentioned 30% ROI. Please stop this nonsense!!

8 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by waploger(m): 8:49am 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!!

do Xmas for me. happy xmas

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by SmartPolician: 8:50am On Dec 25, 2020

fearlessigboman:
Lol..

Forex is not scam but alot of people that surround it are..

30% a month is possible but not consistently sustainable..

Nigerians always want a quick way out.. I can bet you alot of people knew they were scam but they will say "let me enter and chop my own before they crash"..

Oh well, there you have it... Sorry for those that didn't "chop their own"

MBA pays 15%

Meanwhile, I like your first paragraph.

1 Like

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Mrpojj(m): 8:51am On Dec 25, 2020

emmanuelewumi:
And Dangote did not go into this line of business, banks don't even make 40% from their forex Investments. Forex trading contributes about 15% of the total revenue of most banks.

You think dangote is not into forex?

2 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by SmartPolician: 8:51am On Dec 25, 2020

lkillbrokehoes:
Nigerians will never learn, very greedy and gullible set of people

Ogbeni, greedy people are the world's richest people

3 Likes

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Nobody: 8:51am On Dec 25, 2020

After my brother made me get into mmm and immediately I am about to chop the first one, business come close mouth! Na so I start to dey blame myself because gambling and greediness like this had never ever worked for me.

1 Like

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by yemmywesey(m): 8:52am 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!!

bro abeg teach business wey you dey do, Saving 18million is a lot of money.

3 Likes 1 Share

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Nobody: 8:52am On Dec 25, 2020

adonainana:
Have noticed a pattern

Whenever there is a pending recession or a current recession in Nigeria, a lot of Ponzi schemes spring up,

Just like in late 2016 and 2017, it was only MMM, there were like hundreds, MMM was just the biggest because it had billions of naira in it.

Forex is real and sometimes just like any investment the value of your investment can go up and go down, this is what people fall for and the fund managers too never are truth full about the whole thing.

Apart from Nigeria stock exchange, all other investment schemes in Nigeria are Ponzi run alike. They simply subtitute funds of new members for old members. If it’s years or months Kasala will eventually burst

Anyone please I run a hotel business and I’m looking for someone to invest in my hotel business, I make 600,000 naira in sales every month ( I have my books of records for
Anyone to see and view )

I need investments above 50k . I can easily offer a 30 percent return on investment

Please my hotel business is a real
Business and is located on the expressway here in Ibadan

Please reply to this text so we can publicly discuss everything on here for everyone to see

Please help rich people in the house

Ibadan is the nations yahoo yahoo capital, you re a fraudster, I don't know why mods keep encouraging people to swindle people on this forum, they won't see this one to ban its my comment that they know how to ban.

4 Likes 1 Share

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Nobody: 8:53am On Dec 25, 2020

Eboski:
I invested in August it was my brother's wife that persuaded me to joined
after so much talk I gave her the money to invested for me, I even came online to asked if MBA is trading on forest someone told me to go ahead and invest in it, today I am regretting it because I was only paid September and she used her money to paid me October, supposed to be Nov up till now I didn't receive any money, I have never did ponzi scheme in life before, I just dash a fellow man my hard earn money... stupid me

My condolence, Ikwerre people don't know business, only brag , raise their voices when challenged.

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by mayorkent(m): 8:54am On Dec 25, 2020

Lol, I day hate to see this kind news. I get mad funds there and worst of all I never receive even one payment

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Nobody: 8:55am On Dec 25, 2020

SmartPolician:
Ogbeni, greedy people are the world's richest people

Not true, especially the financially illiterate ones.

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by emmanuelewumi(m): 8:55am On Dec 25, 2020

Mrpojj:
You think dangote is not into forex?

I hope you know the difference between having forex denominated Investments and trading in forex.

Dangote got a dividend of over N230 billion from Dangote Cement in 2019, it is possible for him to invest part of his dividends in Eurobonds, real estate in the US, or New York Stock Market, in order to earn dollar denominated coupons, rents and dividends

1 Like

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