Former Mountain Express CFOs Say Retailer’s Sale-Leaseback Strategy Reflected a Ponzi Scheme

Former Mountain Express CFOs say retailer’s sale-leaseback strategy reflected a Ponzi scheme

Gains made from these transactions were used to repay company debts and never resulted in overall financial growth, the two past execs told regulators.

SEC Probes FF Tiffany, Others Over Alleged Fraudulent Investment Scheme

By Adedapo Adesanya Nigeria’s Securities and Exchange Commission (SEC) has revealed that it is investigating 79 suspected Ponzi schemes across the nation. The agency disclosed this on Tuesday while noting that the outcome of the investigation would be made public when it is concluded. “The commission is currently investigating 79 schemes and will make a […]

79 ponzi schemes under investigation, says SEC

The Securities and Exchange Commission (SEC) says it is investigating 79 suspected ponzi schemes across the country.   In a statement on Tuesday, the commission said the outcome of the investigations would be disclose once concluded.   “The commission is currently investigating 79 schemes and will make a statement on its findings at the conclusion of the investigation” the SEC said.   The regulator also announced plans to probe the operations of…

SEC Probes 79 Investment Schemes Linked to FF Tiffany - Economi Confidential

SEC Probes 79 Investment Schemes Linked to FF Tiffany The Securities and Exchange Commission (SEC) has revealed plans to commence a full investigation into the activities of an entity operating under the name FF Tiffany. This is just as it disclosed that it is currently investigating 79 schemes and will make a statement on its […] The post SEC Probes 79 Investment Schemes Linked to FF Tiffany appeared first on Economi Confidential.

“Unrealistic Returns, No Registration” — SEC Launches Probe Into Fraudulent Investment Scheme By FF Tiffany - TheNigeriaLawyer

The Securities and Exchange Commission has revealed plans to commence investigation into the activities of an entity operating under FF Tiffany, allegedly running a fraudulent investment scheme that has defrauded citizens. A statement by the SEC on Tuesday in Abuja said preliminary information revealed that the scheme, which promised investors unusually high and unrealistic returns, had resulted in the loss of several billions of naira. The SEC …

SEC Probing 79 Ponzi Schemes, To Prosecute Tiffany Promoters  - InsideBusiness - Business News in Nigeria

The Securities and Exchange Commission (SEC) has said it is investigating 79 Ponzi Schemes, including the FF Tiffany, an alleged fraudulent investment scheme that has defrauded thousands of Nigerians nationwide and in the diaspora.   “The commission is currently investigating 79 schemes and will make a statement on its findings after the investigation”, the Commission SEC stated, noting that preliminary information suggests that the schemes, whi…