
Tackling Menace Of Ponzi Schemes
The Securities and Exchange Commission has made progress in tackling the activities of Ponzi schemes as part of efforts to protect investors in nationβs capital market, writes Goddy Egene
βWe are working on the cases that we have at hand and they will be charged to court soon. They (Ponzi schemes) are everywhere and we are taking good actions to ensure that innocent Nigerians are not defrauded of their hard earned money. The cases are being prepared right now, and also establishing a process and structure. Once we are done with that, they will be charged to court.β
The above …