86FB football investment platform Ponzi scheme crashes

Recalls 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.

“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.

Newsonline reports that the 86Fb football investment platform claims it “Focuses on football and works with William Hill to integrate probability and statistics. Calculations, mathematics and other principles make competitive football not only a game but also a high level comparable to funds and stocks.

All the promises of juicy returns on investments by 86Fb indeed sounded too good to be true as some Nigerians for weeks have been warning invest ors of the possible crash of the football investment scheme.

Last week, a Twitter user @iamjonado warned that was a ticking time bomb. He tweeted, “86Fb or 86 FOOTBALL like y’all know it is a big-time BOMB.