CBEX
Four suspects wanted by EFCC for alleged CBEX fraud
The Economic and Financial Crimes Commission (EFCC) has declared four individuals wanted over an alleged fraud on Crypto Bridge Exchange (CBEX), a digital trading platform.
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Court permits arrest, detention of six CBEX promoters
The Federal High Court in Abuja has granted the Economic and Financial Crimes Commission (EFCC) approval to arrest and detain six promoters of Crypto Bridge Exchange (CBEX) over an alleged $1 billion investment fraud.
Justice Emeka Nwite issued the...
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Court clears EFCC to detain six suspects in CBEX fraud
The EFCC claims the defendants promised unrealistic returns, only for victims to lose access to their investments once over $1 billion was deposited.
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SCUML certificate is not clearance by EFCC
The EFCC is not a clearing house or regulatory authority of online businesses.
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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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