Tag Archives: PONZI

Senegalese-American singer Akon has denied claims in a suit by a former business partner that the futuristic city he is building in his country Senegal could be a Ponzi scheme, Vibe reports. A legal document by Devyne Stephens, who has worked with Akon and other celebrities like Jay-Z and Destiny’s …

The Economic and Organised Crime Office (EOCO) is cautioning the general public to desist from investing and patronising services of Royal Gardens Network and Hubtel Mobile Money Lending. According to the state’s organised crime-combatting agency, its checks have established that the two firms are registered neither with the Bank of …

  Ghanaian business mogul, Dr Kofi Amoah, has described Ghana’s economy as a real definition of a Ponzi scheme owing to how the nation acquires loans, what the loans are used for and how the debts that accrue thereof are serviced. His statement was in defence of his position on …

We have all been taught various words of wisdom…” Money doesn’t grow on trees” and “Look after the pennies, the pounds will look after themselves” and so on. Thus, there is much significance attributed to the skill in keeping our money safe. As Robert Kiyosaki and Sharon Lechter lay out …

The Economic and Organised Crime Office (EOCO) has advised the general public to desist from doing business with CHY Century Heng Yue Group Limited/Sairui E-Commerce Ghana Limited. According to EOCO, upon monitoring the activities of the Chinese company for some time, it has realized that the CHY Century Heng Yue …

Finance Minister Ken Ofori Atta says government can only do little about investments locked up in financial institutions that promise unrealistic returns over a short period of time. According to him, any organisation that promise a fixed return at the end of the month should be taken a second look …