Thursday, April 18, 2024
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Ponzi Scheme

Ghanaians demonstrate over lost investments in Ponzi scheme

Some Ghanaians who have invested in a Ponzi scheme on Tuesday staged a demonstration in the Ghanaian town of Kumasi in the Ashanti region. The...

Ghana investigates Savana Brokerage Ponzi scheme

Ghana’s Police service has launched investigations into the activities of a Ponzi scheme that has been patronized by thousands of its citizens.

World Bank compares crypto-currencies to Ponzi schemes

The World Bank warned and compared cryptocurrencies to “Ponzi schemes”. The warning is the the latest financial voice to raise questions about the legitimacy of digital currencies such as Bitcoin.

China jails 26 over $7.6 bn Ponzi scheme

Two senior executives of a collapsed peer-to-peer lender were sentenced to life in prison and 24 others punished over what has been called China's biggest-ever Ponzi scheme, state media reported Tuesday.

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