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SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme - Business (7) - Nairaland

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Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by nerd004: 12:31pm On Dec 25, 2020
mumu people ...dey warn una b4 ,,,,,sheybe una say una no dey hear word....Good for you all
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by armadeo(m): 12:31pm On Dec 25, 2020
Premium tears loading
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by adonainana: 12:55pm On Dec 25, 2020
quentin06:
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.
I don’t blame you I blame the real fraudsters giving us us real entrepreneurs a bad name, I said I have a business, shouldn’t the right question you are meant to be asking is where is my hotel located. Second question we arrange a visit

You even stay the night to see us selling our rooms to customers, where the lounge is. Etc

How can I be a fruadster when I am offering you the opportunity to come and see all of this for your self

Even the Title documents you can see and our books of accounts and our bank statements to confirm who the genuine hotel owner is

Like I said I don’t blame you, I blame criminals who have spoilt a real call for investment and have damaged any business credibility amongst Nigerians etc


Eveething to you is fraudulent,
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by adonainana: 12:58pm On Dec 25, 2020
Sermwell:
I was actually taking you seriously until you mentioned 30% ROI. Please stop this nonsense!!
I can my sales income at the hotel is 600k

The maximum I will willingly take from anyone won’t exceed 600k. Which is 780k return in profit plus capital

The money I need is for buying a diesel genenrator and air conditioners,

It’s a very realistic return, 180k as interest is not a lot of money for the type of business I am into

Even last week some people came to do burial around our area and paid 160k for a week stay all the rooms booked

Seeing is believing tho
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by adonainana: 1:01pm On Dec 25, 2020
Infinitex:
600,000 in sales. Can you expanciate of that. Also what do you need investors for. And lastly where in Ibadan is your hostel. Are you the owner.
The need for investors is to purchase split air conditioners for the hotel and buy a diesel generator

The profits are immense as all my customers never stop asking for non stop air conditioned rooms and a proper generator is needed for it

I can fund it personally but it will require at least two months of deep saving and thrift saving

So I thought to myself if I am able to raise at least 300k from potential investors, even if it’s for the diesel generator then I can continue from there to say at least

Yes the hotel is mine on a 5 year lease

I have a valid court stamped lease agreement as proof
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by MrHandsome2013: 1:07pm 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!!
.
Sir please I need you to mentor.
I am a student struggling.
No helper.
Please teach me how to earn legitimate money
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by sammhi(m): 1:31pm On Dec 25, 2020
Geovanni412:
Why would anyone want to be that wicked to themselves na? If I sure die say I fit make 18 percent every month, walahi, na 2-3 percent I go dey give d client per month max. grin
A lot of ignorant talk going on here . Who says you can't make 30% on forex trading per month .. Professional traders makes more than that . ...
Back to real issue :
MbA forex ... Questions to ask ? Do they trade with your money be it forex or any type of trading ? Yes they do ! So we agree they are not just moving fund around .
Next question what's going on ....Why are they not able to pay ROI ? According to them it is because FG through CbN has limited amount they can pay out on daily basis . Is this true ? I don't know but what I know is that it is possible because FG has many times , restricted money output from banks . Even MTn was once sanctioned for moving their own money from banks to SA......
Next question: Dangote , Mtn etc has more funds than MBA so can we truly believe this story from MBA about restrictions? To answer this we ask: Do these two or more Mtn, Dangote pay individuals on a daily basis? No! They mostly pay corporate organizations who carry out contract with them .
Does mtn and others also have restrictions on how much they can pay individual on daily basis ? Yes they do . In fact , mtn won't do even a 500k business with you on a regular basis if you don't have a corporate account .
So will MBA bounce back .....
I very much think so because findings is that they have funds .
Note am not an MBA staff or a founder of MbA or their shareholder
I only write this because most of what is said here are wrong .
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Priam: 1:31pm On Dec 25, 2020
Princewill1:
All businesses that involves speculation example: stock trading,sports betting, Forex trading, binary options, crypto currencies are all the same, nothing different. Just a change of name.

It's stupidity to call sports betting gambling and Forex trading investment.

Gambling can simply be defined as 'risking money to make more money.'

So in all businesses listed above it all involves risking money to make more money. All the businesses above are all in the same category.
But the real deal was that Maxwell Odum's MBA forex was not trading on forex.. They only used that name as a smokescreen to deceive the gullible and hide their true intentions which is what they truly are, a PONZÍ scheme.

P.S: DrAkpa, CaptainKing, RedScorpion, Plierz
Airsaylongcome... your attention is needed here. Please come and assure your "investors" that their money is still safe. Post alerts and shame your detractors grin
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Sermwell(m): 1:39pm On Dec 25, 2020
Juliearth:
Eya!!! Inasmuch as he goofed, I feel very bad for him too. Its a good thing that you want to pardon him (God bless your heart) but please dont stop at that... You can groom him into being financially independent without towing the path of ponzi.
Thanks ma'am! I appreciate your concern!
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by iv2000: 2:31pm On Dec 25, 2020
This statement of excuse from SEC, by its head -Efe Ebelo, is too lame! With your level of knowledge as a "Regulatory Body", you have the legal backing to have closed down all these kind of schemes you so listed. But instead, you have romance with them,given them a breeding-ground to thrive & to defraud Innocent Nigerians whose interest you claim protecting.

Please SEC, let your organization wake up to its responsibilities by observing what their counterparts in other sane climate are doing..
How many Nigerians are preview to your claims? A country you've deprived the masses from listening to common radio news? What level of jingles did you carry out to really alert the people?
Please, SEC should hide their face in shame by doing the needful to restore investors confidence in this country rather than playing to the gallery.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Princewill1(m): 2:44pm On Dec 25, 2020
Priam:
But the real deal was that Maxwell Odum's MBA forex was not trading on forex.. They only used that name as a smokescreen to deceive the gullible and hide their true intentions which is what they truly are, a PONZÍ scheme.

P.S: DrAkpa, CaptainKing, RedScorpion, Plierz
Airsaylongcome... your attention is needed here. Please come and assure your "investors" that their money is still safe. Post alerts and shame your detractors grin
Lol going from speculative risk business like forex trading to Ponzi scheme is like going from bad to worse.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by vickydevoka(m): 2:52pm On Dec 25, 2020
Donfx:
are u sure of this facts
Dats wat de tell Dem to deceive dem
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by vickydevoka(m): 2:55pm On Dec 25, 2020
loko50:
I will rather play 2 odds on sportybet
I de tell u
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by vickydevoka(m): 2:55pm On Dec 25, 2020
loko50:
I will rather play 2 odds on sportybet
I de tell u. Na so I invest 300k for forex de money enter water. Las Las en go de alright
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by CSTRR: 2:58pm On Dec 25, 2020
400billionman:
Even football betting is a skill. Forex and Football betting are thesame thing. First one you are trading to make money on foreign currency fluctuations. Second one, you are trading to make money on football results which are also subject to fluctuations. You don't control the outcomes in both. It is thesame structure involved.

There are people who win football betting everyday. Is that luck ? No, they have mastered the skill.

The bookmakers are human beings. You can study what they do and understand it very well after amassing tons of data.
There's actually a school of forex in Dubai.
The biggest in the world.
It's govt registered.

Forex requires training. It's a skill that can be learnt.

The problem is that very very few people have It.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Geovanni412(m): 3:32pm On Dec 25, 2020
sammhi:
A lot of ignorant talk going on here . Who says you can't make 30% on forex trading per month .. Professional traders makes more than that . ...
Back to real issue :
MbA forex ... Questions to ask ? Do they trade with your money be it forex or any type of trading ? Yes they do ! So we agree they are not just moving fund around .
Next question what's going on ....Why are they not able to pay ROI ? According to them it is because FG through CbN has limited amount they can pay out on daily basis . Is this true ? I don't know but what I know is that it is possible because FG has many times , restricted money output from banks . Even MTn was once sanctioned for moving their own money from banks to SA......
Next question: Dangote , Mtn etc has more funds than MBA so can we truly believe this story from MBA about restrictions? To answer this we ask: Do these two or more Mtn, Dangote pay individuals on a daily basis? No! They mostly pay corporate organizations who carry out contract with them .
Does mtn and others also have restrictions on how much they can pay individual on daily basis ? Yes they do . In fact , mtn won't do even a 500k business with you on a regular basis if you don't have a corporate account .
So will MBA bounce back .....
I very much think so because findings is that they have funds .
Note am not an MBA staff or a founder of MbA or their shareholder
I only write this because most of what is said here are wrong .
You don't get my point. Look, it's possible to make 30 percent per month but to give out 15 percent per month to your clients every month without failure... To the best of my knowledge,no duly accredited company does business like that.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by dhensity: 4:29pm On Dec 25, 2020
Me too I will be giving 25% of your money every month. Try me and see. Even 1000 Naira go get 25% lol just try I mean this.,you can get your money anytime also.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Infinitex: 4:44pm On Dec 25, 2020
adonainana:
The need for investors is to purchase split air conditioners for the hotel and buy a diesel generator

The profits are immense as all my customers never stop asking for non stop air conditioned rooms and a proper generator is needed for it

I can fund it personally but it will require at least two months of deep saving and thrift saving

So I thought to myself if I am able to raise at least 300k from potential investors, even if it’s for the diesel generator then I can continue from there to say at least

Yes the hotel is mine on a 5 year lease

I have a valid court stamped lease agreement as proof
Let's chat on WhatsApp 0.8.1.8.0.9.6.0.6.1
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Priam: 5:25pm On Dec 25, 2020
adonainana:
The need for investors is to purchase split air conditioners for the hotel and buy a diesel generator

The profits are immense as all my customers never stop asking for non stop air conditioned rooms and a proper generator is needed for it

I can fund it personally but it will require at least two months of deep saving and thrift saving

So I thought to myself if I am able to raise at least 300k from potential investors, even if it’s for the diesel generator then I can continue from there to say at least

Yes the hotel is mine on a 5 year lease

I have a valid court stamped lease agreement as proof
Have you thought about approaching a bank for loan.? What about friends and relatives, don't you have any that could lend you such an amount?

You said the profits are immense, then why don't you take a part of said profit and reinvest in the business generating it. What do you do with the profit?

If you can't get people around where you stay to put their money into your profitable hotel business, why do you think total strangers you met on the internet should be the ones to invest in it?
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Mrpojj(m): 5:35pm On Dec 25, 2020
Geovanni412:
Why would anyone want to be that wicked to themselves na? If I sure die say I fit make 18 percent every month, walahi, na 2-3 percent I go dey give d client per month max. grin
3 percent of 100 million or more of clients capital na small money?
To keep for me sef?
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by showafrica(m): 5:44pm On Dec 25, 2020
Entom:
I was paid four days ago. That was my November dividend.
My colleague was paid on the 23rd, it was like miracle.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by showafrica(m): 5:55pm On Dec 25, 2020
angelfallz:
There are people who stay at home and become rich through the right investments
Tell him oo.. Lol, 80% rich guys you see today practically do nothing. They just do the initial work, sit back and enjoy there wealth. These people who run up and down are just middle class working there ass off for the rich dudes.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Coinbased: 6:04pm On Dec 25, 2020
Even all the Agrictech schemes are scam
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by showafrica(m): 6:07pm On Dec 25, 2020
Sonyboom:
You too sabi
But I like how they teach fools to be wise.
If you tell Nigeria not to invest in anything Forex them go do like say na dem sabi pass.

I am yet to see any rich personality common who claim he became rich via Forex trading.
No rich man will tell you exactly the secret of his wealth. If you are too close to him, he might tell you a little but will never tell you the key unless, brotherhood or oat is involved. Let me tell you one secret... If you really want to be rich, dont discuss your idea with anyone, learn how to keep the key to your wealth alone until you blow beyond fall. What men know they destroy what they dont know they call names. It is better they call u yahoo boy or ritualist than shattering your dreams.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by adonainana: 6:25pm On Dec 25, 2020
Priam:
Have you thought about approaching a bank for loan.? What about friends and relatives, don't you have any that could lend you such an amount?

I have tried applying for numerous bank loans the requirements is too cumbersome and frustrating, back in the Uk, just a simple application in 2 minutes you would know if you will get the Loan or not but in Nigeria the other way round

You said the profits are immense, then why don't you take a part of said profit and reinvest in the business generating it. What do you do with the profit?

The profits are immense if it is run optimally with all amenities present, as at now I can decide to do nothing and still be making my gross profit easily or like you said save the profit to buy the amenities I need but the only problem is it will take 2 months of either deliberately avoiding to pay salary or just intense hardship

If you can't get people around where you stay to put their money into your profitable hotel business, why do you think total strangers you met on the internet should be the ones to invest in it?
Also I have tried asking friends I know a friend close friend who drives a 30 million naira Lexus, if we are in the club he can buy alcohol with 500k. If I ask him for 500k which I have in the past he won’t give me whether borrow ooo or lend oo or whatever adjective you want to clarify

So why not give it out to strangers to come invest, at least you are seeing what you are investing in and it’s legitimate
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by goodheart02(m): 7:31pm On Dec 25, 2020
Only if our banks were worthwhile with better interest rates, people will always save their money there, instead of being tempted to put their money in such schemes where they can get tangible interesting rates monthly.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Lastmankc(m): 7:44pm On Dec 25, 2020
The problem is that,one idiot will post that he got two times alert from a certain investment. And you will see many more fools under him saying its real.las,las nah God go punish una
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Mummyfour(f): 9:37pm On Dec 25, 2020
Sermwell:
Thanks ma'am! I appreciate your concern!
bros introduce me to what you are doing naah abeg.
The struggle no be small o.
Please don't discard this plea.biko
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Globalistic(f): 9:47pm On Dec 25, 2020
Thank God I terminated my six months contracted since I didn't have extra #160,000 to add to my already invested #200,000. Baba God, you do well for me.
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Realboygenius(m): 10:35pm On Dec 25, 2020
As the country goes through it second recession in 5 years Saving had proven to be an effective way of meeting emergency needs. He's one of the reason to save your money with iNest by FCMB. You get amazing interest in your savings.

Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by Adeplus: 5:01am On Dec 26, 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!!
Wow!!! Please how did you save up to 18m biko show me way
Re: SEC Disowns MBA FOREX Investment, Calls It A Ponzi Scheme by adonainana: 8:54am On Dec 26, 2020
Infinitex:
Let's chat on WhatsApp 0.8.1.8.0.9.6.0.6.1
Good day sir your phone number is not complete

Mine is 08143753327
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