86FB Football Ponzi Scheme Crashes
Ejes Gist Newspaper reports that Nigerians are In tears As 86FB Football Ponzi Scheme Crashes.
86FB also known as 86FB football, is an online investment platform that claims to focus on reverse betting and works with William Hill, a major online gambling corporation based in London, England, to incorporate probability and statistics.
This comes as a number of high-profile Ponzi schemes in Nigeria have recently collapsed. The platform, which claims to be owned by City Football Group, has also been determined to be unrelated to the Abu Dhabi-based business that owns Manchester City Football Club in England.
The Economic and Financial Crime Commission (EFCC) recently announced that four Ponzi scheme operators would be arrested in Nigeria over the next few weeks.
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“We are coming for the operators in a few weeks, and the majority of them operate primarily in Lagos but live outside the country’s commercial hub.” They think they’re clever, but the Eagle is keeping an eye on them, and they’ll be charged in court in a couple of days.
“These con artists have defrauded a number of Nigerians of their hard-earned money, while others have perished as a result of the shock they experienced when they realised they had been duped.” We’ve also noticed that a lot of Ponzi schemes develop, particularly during times of recession or economic difficulty, but we’ll put a stop to them because they’re simply out to seduce Nigerians with set returns that will vanish in a few months or years,” an EFCC source said.
That is the latest Naija News today on 86FB Football Ponzi Scheme Crashes.
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