Run away from Loom Ponzi Scheme – FG 

Uche Usim, Abuja

As victims of the last ponzi scheme, MMM, recover from the shock of losses, the Securities and Exchange Commission (SEC) on Thursday alerted the public to the emergence of another online fraud packaged as investment scheme tagged ‘Loom Money Nigeria’.

According to the acting Director General of SEC, Ms Mary Uduk, Loom Money Nigeria has virtually hijacked social media by…


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