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BREAKING: Nigerians In Tears As 86FB Football Investment Ponzi Scheme Crashes

Published

3 years ago

Apr 27, 2022.

Benard Joseph

Nigerians In Tears As 86FB Football Investment Ponzi Scheme Crashes.
Nigerians have once again fallen victims of online fraud after the unforgettable experience of MMM and other online Ponzi schemes that left many people in anguish.

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EKO HOT BLOG reports that an online investment platform that claims it focuses on reverse betting and works with William Hill, a global online gambling company based in London, England, to integrate probability and statistics, 86FB or known as 86FB football, has crashed.

This comes as a number of high profile Ponzi investments have crashed in Nigeria in recent times. The platform which claims to be owned by City Football Group also has been discovered to not be owned by the Abu Dhabi based company which owns Manchester City Football Club in England.

It would be recalled that the Economic and Financial Crime Commission (EFCC) recently announced it is set to arrest four Ponzi scheme operators across Nigeria within the next few weeks.

“We are coming for the operators in a matter of few weeks and most of them operate largely in Lagos but reside outside the commercial hub of the nation. They believe they are smart but the Eagle is watching and they will be charged to court in a matter of days.

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“These fraudsters have reaped several Nigerians off their hard-earned money while others have lost their lives due to the shock they got when they realised they have been swindled. We have also observed that a lot of the Ponzi schemes thrive, especially during a recession or economic hardship, but we will also choke them as they are only out to entice Nigerians with some fixed returns only to disappear in a few months or years,” EFCC source said.

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