SEC alerts Nigerians on new Ponzi scheme platform out to defraud Nigerians
The Securities Alternate Commission (SEC) has alerted Nigerians to the actions of an on-line funding platform which is out to defraud Nigerians, called Mark Train Platform.
In an announcement signed by the administration of the SEC, it turned into as soon as revealed that the platform is an funding platform that offers investors with market diagnosis reports, suggestions for funding and trading on behalf of unsuspecting Nigerians.
In accordance with the SEC, the Mark Train Platform, which is no longer a registered platform, has parts of a ponzi arrangement as it promises unsuspecting of us monetary rewards.
“The Commission hereby informs the public that Mark Train Platform is no longer registered by the commission to both solicit investments from the public or neutral in any ability inner the Nigerian capital market.
“Investigations own revealed that Mark Train Platform’s operations whine traditional indicators of a false Ponzi arrangement which comprises, promises of guaranteed returns, heavy reliance on a referral machine with promises of monetary rewards for referrals and desperate requests for subscribers to fund accounts,” the assertion read in piece.
The SEC also knowledgeable Nigerians to be cautious about investing with the platform.
“Accordingly, the public is knowledgeable to be cautious about investing with the mentioned Mark Train Platform, as any particular person who engages with the entity or its representatives does so at his/her bear risk.”
