CBEX
I might develop high blood pressure – Taye Currency exposes N10m CBEX loss in emotional outburst
"It shall not be well with all of you that introduced it to me," Currency declared in Yoruba, naming four accomplices including his band manager who allegedly invested N1.4 million.
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How greed, regulatory lapses fueled N1.3trn CBEX heist
Packaged like a legitimate investment house, CBEX is the latest in a long list of Ponzi-style operations that have repeatedly preyed on the hopes and greed of unsuspecting citizens.
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Steer Clear of Fraudulent Investment Promotions: SEC warns influencers, bloggers
The collapse of CBEX underscores the urgency of our crackdown.” — SEC Director-General
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No hope for 600,000 CBEX victims as SEC admits it can’t recover N1.3tn lost funds
The SEC urges the public to avoid unregistered investment platforms.
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CBEX: Ponzi scheme red flags you probably didn’t know
By promising unrealistic returns and relying on ever growing recruitment, these schemes collapse once new contributions dry up, leaving investors with crippling losses.
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REVEALED: Names, faces of CBEX scheme promoters
In Nigeria, CBEX operated as an affiliate or subsidiary of ST Investment Co., Ltd owned by 55-year-old Harold David Charles, a Briton.
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How CBEX used EFCC, CAC certificates to lure investors
Promoters of the collapsed Crypto Bridge Exchange (CBEX) used official company registrations, aggressive marketing including radio ads and celebrity endorsements, and charity outreach to convince an estimated 600,000 Nigerians to invest in a...
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Collapsed CBEX Ponzi scheme demands more funds from victims for ‘compensation’
The recently collapsed digital trading platform, Crypto Bridge Exchange (CBEX), appears to be in need of more money from the visibly disturbed Nigerian investors...
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EFCC vows to recover funds for CBEX investors, reveals preemptive monitoring
The Economic and Financial Crimes Commission (EFCC) has assured individuals who invested in the CBEX digital trading platform that they would recover their funds.
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CBEX: We’re in contact with Interpol , international partners to arrest those behind scheme- EFCC
''We’re in contact with Interpol. We’re in contact with our development partners.”
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