BEWARE! ‘LOOM MONEY’ Is Nothing But An Illegal Ponzi Scheme - SEC Warns Nigerians

Date: 17-05-2019 9:09 pm (5 years ago) | Author: kacy lee
- at 17-05-2019 09:09 PM (5 years ago)
Online (f)

The acting Director-General, SEC, Ms Mary Uduk, while speaking during a press conference in Abuja on Thursday, gave the warning, saying Ponzi scheme investors were at risk.

Uduk, who was represented by the acting Executive Commissioner, Operations, SEC, Mr Isyaku Tilde, said the fraudsters carry out their illegitimate business activities via social media



 platforms like Facebook and WhatsApp, luring young Nigerians to invest as low as N1,000 and N13,000 and get as much as eight times the value of the investment in 48 hours.

Posted: at 17-05-2019 09:09 PM (5 years ago) | Addicted Hero
- maxzy277 at 18-05-2019 01:14 AM (5 years ago)
(m)
I tot my ppl should be more aware & wiser now than b4 cos of the hardship in d Land.
Posted: at 18-05-2019 01:14 AM (5 years ago) | Gistmaniac
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- Nottingham at 18-05-2019 04:55 AM (5 years ago)
(m)
Again? Please be aware no one is there to give you any free money.
Posted: at 18-05-2019 04:55 AM (5 years ago) | Upcoming
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