A Nigerian lady shared the story of what happened after her brother's wife invested N2 million in Mavrodi Mundial Moneybox ...

A Nigerian man shares how Nigerians kept falling for Ponzi schemes despite past experiences. He shared screenshots from a ...

A digital trading platform, China Beijing Equity Exchange (CBEX), has collapsed, leaving an estimated 300,000 investors ...

Thousands of investors lost over KSh 100 billion after CBEX, a digital asset trading platform, collapsed in what is now being ...

Thousands of Kenyans have fallen victim to CBEX, an online trading platform that promised high returns but has now collapsed, leaving investors with empty accounts.

The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them.

Against the background of this week’s collapse of Crypto Bridge Exchange (CBEX), experts said with its history of more than a century, phony investment schemes, otherwise known as Ponzi ...

A Brazilian court has sentenced the men behind Bitcoin investment scam Braiscompany to a combined 170 years behind bars.

Nigeria’s long-standing battle with Ponzi schemes has woven a dark tale of financial deception, one that stretches over decades and has claimed the savings and dreams of millions. Each collapse ...

Elon Musk's recent comments on Social Security during an interview with Joe Rogan have reignited discussions about the nature ...

The way Ponzi schemes like this work is that they scarcely do any trading. They rely on new “investors” to subscribe. They use the money to pay those whose payments are due.