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Pwan Rejects Sec’S Ponzi Scheme Allegations
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The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…
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PWAN Rejects SEC’s Ponzi Scheme Allegations
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The management of PWAN Group has denied allegations by the Securities and Exchange Commission that its real estate buy-back transactions bear the characteristics of a Ponzi scheme. In a statement provided to our correspondent by the firm on Thursday, PWAN characterized the SEC’s stance as “incorrect and deceptive,” underscoring that their project constitutes a…
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Ponzi Schemes: Illusions of Quick Riches – International Edition (English)
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An age-old adage goes: “When falsehood puts on fresh attire, the credulous mistake it for reality.” In Nigeria, this deceptive narrative of quick and effortless riches has been adorned in countless guises—ranging from schemes like MMM to Racksterli, Loom to Ultimate Cycler, and most recently, CBEX. These ventures come dressed up with contemporary style,…