NewStats: 3,263,292 , 8,179,658 topics. Date: Thursday, 05 June 2025 at 11:32 AM 424nf

Good news to them. That is when they will now rush because they think those who start first cash out immediately

The result of Ponziing is like that of Gamble.

It eventually leaves you frustrated, broke, and depressed.

TechBaron:
The SEC is not doing enough!

Some 18 months ago, I emailed the SEC concerning a non-bank financial institution offering investment services, they responded to me, informing me that the company does not hold a licence to carry out such services.

But to date, the company is still operational.

You don't just inform the public, you investigate, liaise with the EFCC to prosecute them and close up their shops.

Forget the SEC! They are a bunch of incompetent fellows
They are quick to absolve themselves of any responsibility once you deal with uned capital market operators but if you are scammed by a ed capital market operator, you will not hear a word from them!

VaginaAcademic:
Later dem go say government no dey proactive dem go ignore this warning now

is that all they could do to save their citizen?

There is another one called F and B also doing the rounds now.

Nigerians, una no dey hear word?

Arostar2023:
Why can't they(EFCC ) just go after them?

If you notice, they gat no physical office. It's all online. Unlike the early days of Mavordi in Russia, where he had a physical office, the internet makes it easy to run legit and illegitimate things online sans office.

Rather than heed the warning, some people will want to cash out before it crashes. Greedy sapiens!

TechBaron:
The SEC is not doing enough!

Some 18 months ago, I emailed the SEC concerning a non-bank financial institution offering investment services, they responded to me, informing me that the company does not hold a licence to carry out such services.

But to date, the company is still operational.

You don't just inform the public, you investigate, liaise with the EFCC to prosecute them and close up their shops.

But then, some agencies are always sleeping on their duties until being called out.

That's how the consumer protection commission was sleeping until a radio station in Abuja began to drag them up.

Tofro wey don Japa since, same time as cbex

Tofro here we come. Tofro means Toronto Fraud Organization. It was invented by Tinubu himself.

I have seen someone who cash from CBEX before the crashing.

The only money they go with doesn't affect his investment.

He make X2 of what he invested.

Ponzi scheme is a risky business.
Sometimes you win sometimes you loose.

Shine your EYE.

BlackViper:


https://gazettengr.com/sec-alerts-nigerians-to-another-suspected-ponzi-scheme-tofro/

Na lie, we "investors" no go listen..

Will they listen?

VaginaAcademic:
Later dem go say government no dey proactive dem go ignore this warning now

This is not just about warning, you follow up with investigation, arrest and shutting down. Is when they swindle people and go you will now hear they are investigating

I heard that CBEX is back, is it what they are warning people against?

TechBaron:
The SEC is not doing enough!

Some 18 months ago, I emailed the SEC concerning a non-bank financial institution offering investment services, they responded to me, informing me that the company does not hold a licence to carry out such services.

But to date, the company is still operational.

You don't just inform the public, you investigate, liaise with the EFCC to prosecute them and close up their shops.

There are lots of Online Ponzi sites in America that are not regulated . The FBI will never arrest or prosecute them if kasala never burst.

Hmmmmmm

When Government identify them to be scam, why can't government just go ahead and shut them down either physically or remotely.

Government should be able to shut down such sites from operating in Nigeria.

But it is porn site that is giving people pleasure they are shutting down!

Omo see update,...... abeg who get link and modus operandi

Didijiji:
Ponzi no bad

Na u Dey invest late

🤧🤧🤧

you can all see this type of mindset ,thats what they all believe until it happen

This might probably be a false alarm, this is not a new site, it may be a ponzi, but don't make it look like you're now working SEC

never mind in two months or so you will read about their victims tale of woes in the online space.
These people never learn.

CBEX rebirth. Same owners different name. The greedy, addictive and the gullible will still fall for it.

TechBaron:
The SEC is not doing enough!

Some 18 months ago, I emailed the SEC concerning a non-bank financial institution offering investment services, they responded to me, informing me that the company does not hold a licence to carry out such services.

But to date, the company is still operational.

You don't just inform the public, you investigate, liaise with the EFCC to prosecute them and close up their shops.

You asked questions and they responded timely. It's your choice to continue with them. In a large country like Nigeria how many people will SEC employ in other to investigate, arrest and enforce? Do you know that there are illegal schools in America and Canada that offer ission to foreign students? It's left to the students to do their due diligence. It's only when there are major issues that their governments act.

TechBaron:
The SEC is not doing enough!

Some 18 months ago, I emailed the SEC concerning a non-bank financial institution offering investment services, they responded to me, informing me that the company does not hold a licence to carry out such services.

But to date, the company is still operational.

You don't just inform the public, you investigate, liaise with the EFCC to prosecute them and close up their shops.

..if torfo have a office they go to the office and raid and close down the office or arrest the people that are organizing this Ponzi scheme in torfo

Senseless. What are they warning Nigerians for.

They are lacking in their responsibility to protect the masses. They in hand with EFCC, CBN e.t.c should seek these nefarious actors out and prosecute them.

Enough of the finger pointing

The idea is this, everybody Will put head, thinking it wont cast easily

/
Colossal waste of time warning them. During the MMM era, they accused us of being jealous of their newly found wealth.

If they can't dissuade people from paying tithes to pulpit bandits, what makes them think those obligated morons will shy away from Ponzi schemes?

SEC should let them be.
/