“Despite the painful history of financial scams, the trend of ‘get-rich-quick’ has continued…”
Nigerians and others globally have been hit by reports that CBEX Trading, an investment platform, has allegedly crashed—vanishing with over N1.3 trillion. Outrage, mockery, and sorrow flooded social media, with many sharing experiences in videos and posts. CBEX had promised a 100% ROI within 30 days, but like others before it, collapsed suddenly.
“Despite the painful history of financial scams, the trend of ‘get-rich-quick’ has continued,” one observer noted. The CBEX incident has revived memories of notorious Ponzi schemes Nigerians won’t forget:
1. MMM
2. Twinkas
3. Ultimate Cycler
4. Givers Forum
5. I-Charity
6. Crowd Rising
7. Clarrita
8. Smile2Charity
9. Help2Get
10. Get Help World Wide
11. Donation Hub