ponzi scheme penalties

  1. SEC Warns Ponzi Scheme Operators of 10-Year Jail Term, N20M Fine

    Nigeria SEC Warns Ponzi Scheme Operators of 10-Year Jail Term, N20M Fine

    The SEC has warned that Ponzi scheme operators in Nigeria could face a 10-year jail term and N20 million fine under the new Investments and Securities Act 2025. The new law strengthens enforcement measures to protect investors and ensure market integrity, with additional provisions for...
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