Ponzi Schemes: Nigerians Keep Falling Victims Due to Lack of Financial Literacy – Financial Expert
2 years ago
By Omowumi Odesomi Ponzi Scheme – a financial model of paying off old investors with new ones, remains one of the go-to crimes for erudite swindlers, particularly in places like Nigeria with heightened poverty and low financial literacy. The scheme bears the name of its most popular proponent, an Italian called Charles Ponzi, who racketed […]