Business

SEC reveals new investment platform, warns Nigerians against fraudulent activities

Keep up with the latest news and be part of our weekly giveaways and airtime sharing; follow our WhatsApp channel for more updates. Click to Follow us

The Securities and Exchange Commission (SEC) has warned Nigerians about the Value Growth Platform, an unregistered online investment platform suspected of operating a Ponzi scheme. According to the SEC, Value Growth Platform claims to offer market analysis reports and investment recommendations, but its operations exhibit “typical indicators of a fraudulent Ponzi scheme”.

For further information, read more details here

The SEC stated, “The Commission hereby informs the public that Value Growth Platform is not registered by the Commission to either solicit investments from the public or operate in any capacity within the Nigerian capital market.” The regulator added that investigations have revealed the platform’s operations exhibit typical indicators of a fraudulent Ponzi scheme, including promises of guaranteed returns, heavy reliance on a referral system with promises of monetary rewards for referrals, and desperate requests for subscribers to fund accounts.

The SEC advised Nigerians to be cautious about investing with the platform, saying, “Accordingly, the public is advised to be cautious about investing with the said Value Growth Platform, as any person who engages with the entity or its representatives does so at his/her own risk.

Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it. 
Drop your comment in the section below, and don’t forget to share the post

Wisdom Engraced

Recent Posts

Gary Neville makes prediction ahead of Fulham vs Man Utd

Keep up with the latest news and be part of our weekly giveaways and airtime…

16 minutes ago

Toyin Abraham opens up on alleged marital crisis with Kolawole Ajeyemi

Keep up with the latest news and be part of our weekly giveaways and airtime…

16 minutes ago

Peller places N5m bounty on woman over pregnancy claim

Keep up with the latest news and be part of our weekly giveaways and airtime…

17 minutes ago

Wike’s latest political moves draw fresh reaction from APC

Keep up with the latest news and be part of our weekly giveaways and airtime…

58 minutes ago

Davido reacts to latest development involving Wike and APC governors

Keep up with the latest news and be part of our weekly giveaways and airtime…

60 minutes ago

Tinubu challenge: What opposition parties are planning for September 23

Keep up with the latest news and be part of our weekly giveaways and airtime…

1 hour ago