A ponzi scheme has now been recently launched in Nigeria after the demis of the MMM ponzi scheme.
It copies the MMM scheme of PH and GH
A Ponzi scheme (also a Ponzi game) is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned through legitimate sources. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent.Labels: business, latest
