EDITORIAL: A recent incident in Lagos State, whereby a man committed suicide over the loss of a huge sum of money to a Ponzi scheme, has refocused public attention on the ravages of these questionable investment options and their sponsors.
on the ravages of these questionable investment options and their sponsors. According to the story, the victim – along with hundreds of others – had invested huge sums of money in the scheme which promised them returns on investment ranging between 60% to 110%, only to discover that their hard-earned money had vanished into thin air as it was paid to fraudsters who had posed as genuine investment managers.
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