List of latest Ponzi schemes in Nigeria

            

These are the latest and past Ponzi scams and shady investment products that Nigerians are putting their monies into.

What is a Ponzi scheme?  A Ponzi scheme is a scam whereby former investors are paid with the proceeds of former investors' investments. Because the scheme requires new investors, it often ends up falling apart leaving new investors with huge losses. Many of them are ponzi scams, pyramid schemes and cryptocurrency systems that force its members to buy packages in a fake digital currency that has no value outside the group. While many have collapsed, many others are starting everyday.
PageOne.ng does not support or back any Ponzi scheme and we encourage readers stay away from them.

Name	Owner	T               ype of Scheme	Status

MMM Nigeria	Sergei Mavrodi	Ponzi scheme	Collapsed/Restarted
	Unknown	Ponzi scheme	Collapsed
	Unknown	Ponzi scheme	Collapsed
Naracle	Kingsley Sunday	Ponzi scheme	Collapsed/Closed
abcDonor	Unknown	Ponzi scheme	Active
Claritta	Unknown	Ponzi scheme	Collapsed/Restarting
Citifund	Unknown	Ponzi scheme	Collapsed/Closed
Supernaira	Unknown	Ponzi scheme	Active
Trippleup	Unknown	Ponzi scheme	Active
Loopers	Unknown	Ponzi scheme	Collapsed/Restarting
Twinkas	Unknown	Ponzi scheme	Collapsed/Restarting
Happy World Meal	Unknown	Pyramid scheme	Active
OneCoin	Unknown	Cryptocurrency scam	Active/Frozen
Africoin	Unknown	Cryptocurrency scam	Active/Status unclear
Swisscoin	Werner Marquetant	Cryptocurrency scam	Active/Status unclear
Paytoday	Unknown	Pyramid scheme	Collapsed
My Liberty Life	Unknown	Pyramid scheme	Active
Donation Hub	Unknown	Ponzi scheme	Collapsed/Restarting
Entercrypto	Unknown	Cryptocurrency scam	Collpased/Closed
Mavrocoin	Unknown	Ponzi scheme	Collapsed/Status unclear
Givers Forum	Unknown	Ponzi scheme	Collapsed/Status unclear
Bitkins	Unknown	Ponzi scheme	Active
MMM West Africa	Unknown	Ponzi scheme	Status unclear
NNN Nigeria	Unknown	Ponzi scheme	Status unclear
Givers Alliance	Unknown	Ponzi scheme	Launch in progress
Fast Recycler	Unknown	Ponzi scheme	Active/New
Esusu	Unknown	Ponzi scheme	Active/New
Giverscorner	Unknown	Ponzi scheme	Active/New
Ultimate Cycler	West Fred	Ponzi scheme	Collapsed/Restarting
Cashpipe	Unknown	Ponzi scheme	Active/New
Changing Lives Online	Unknown	Ponzi scheme	Active/New
Naija ATM	Unknown	Ponzi scheme	Active/New
Dualfunds	Unknown	Ponzi scheme	Active/New
Pyramid Pay	Unknown	Ponzi scheme	Active/New
Tine God Networks	Unknown	Ponzi Scheme	Closed by SEC
Marian Moses	Moses Samanja	Ponzi Scheme	Closed by SEC
Pay Titans	Unknown	Ponzi Scheme	Active
Easywealth	Unknown	Ponzi Scheme	Active
Alwayspays	Unknown	Ponzi scheme	Collapsed

Do you know any other one out there?

(PageOne Nigeria)

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