SEC Shuts Down Alleged Ponzi Scheme in Abuja
By Patience Ikpeme
The Securities and Exchange Commission (SEC) has taken decisive action against Ready Finance Investors Limited in Abuja, sealing their premises for suspected illegal investment activities and a potentially covert Ponzi scheme.
In a statement on Thursday, the SEC declared the company shut down for offering “a range of financial investment services and schemes suggestive of a covert Ponzi scheme.” These schemes typically entice clients with promises of guaranteed returns, contingent upon their investment package, raising red flags for the Commission.
Making matters worse, Ready Finance Investors Limited “is not registered with the Commission to conduct any activities in the capital market,” deeming their operations entirely illegal. The SEC has swiftly notified law enforcement agencies “for criminal investigation and subsequent prosecution” of the perpetrators.
This clampdown serves as a stark warning to individuals considering investing with entities outside the legitimate regulatory framework. Engaging with Ready Finance
