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 old investors are paid with proceeds of investment from old investors. Because the scheme require newer investors, it often end up collapsing leaving fresh investors with huge losses.
Many of the them are ponzi scams, pyramid schemes and cryptocurrency schemes that require its members to buy packages into a fake digital currency that has no value outside of the group.
While many have collapsed, many others are being started every day. PageOne.ng does not support or back any Ponzi scheme and we advise our readers stay away from them.
We will continue to update the list from time to time.
| Name | Owner | Type 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 |
(PageOne Nigeria)
Discussion8 Comments
Please we need a proper update on Cashpipe…because people who piped over 20 days have not been merged..yet they are still collecting money from other people….moreso I observed that the only people who claim to have been merged are from the eastern part of Nigeria…is it that they are merging members of their family or its all a scam?in spite of all these observations they are still collecting money from unsuspecting individuals
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what of cma? it is so disorganised and fast crumbling.
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There is a new ponzi that pays 200% in 3 days. it’s new and an hot cake at the moment. There are four packages. 5k, 10k, 20k & 50k. You get 200% returns in 3Days. Its so hot and fresh.
Please is trade invest a scam or real, always posting on facebook by one April Edet
I would like to know too if its really or scamm
What about the Social Exchange Network (SEM), which through its numerous agents especially religious organizations and local NGOs promised to give N10m to Nigerians on their registration with cooperative societies