There are warnings of an international online scam called the "Loom" scheme in Australia, which targets young people through social media and can lead to participants "scamming" their family and ...

And to think that we were already discussing marriage, meeting families and all that jazz. She was one of the lords of her MMM cell in Lagos. She would spend valuable phone time preaching MMM to me ...

MMM penetrated the Nigerian market in 2015 with over 2 million people signing up for the scheme by the time it crashed in December 2016. Despite the loss of billions to that scheme and many of its ilk ...

Despite the loss of billions to the Mavrodi Mundial Moneybox or MMM ponzi scheme, Loom Money Nigeria is starting to gain a widespread following online. The Securities and Exchange Commission has ...

The Securities and Exchange Commission (SEC) yesterday warned Nigerians against the activities of some fraudsters running an online investment scheme tagged ‘Loom Money Nigeria’. It said Loom Money ...

Anyone looking for some extra cash this holiday season might be tempted to join a "Blessing Loom," the latest money-making scheme spreading through Facebook. But you need to be careful before you send ...

The Securities and Exchange Commission has warned Nigerians against fraudsters currently running an online investment scheme tagged “Loom Money Nigeria.’’ Acting Director-General of the commission, Ms ...