Cbex crash: See the name of another alleged Ponzi scheme

• A Nigerian antheral has stirred reactions connected X aft helium mentioned the sanction of different alleged Ponzi strategy that whitethorn clang soon
• The X user, identified arsenic Man of Letters, said helium had warned radical that Cbex would fail, and immoderate did not perceive to him
• Now, helium alleges that determination is different Ponzi strategy known arsenic PCEX, insisting that it mightiness soon clang similar others

A societal media idiosyncratic has mentioned the sanction of an concern platform, which helium alleges mightiness crash similar Cbex.

The X idiosyncratic known arsenic Man of Letters said helium had earlier issued a informing earlier Cbex crashed immoderate days ago.

The antheral alleges that determination is different Ponzi strategy which mightiness soon crash. Photo credit: Getty Images/Portra and Joseph Egabor.
Source: Getty Images

Man of Letters identified the alleged Ponzi scheme arsenic PCEX, saying determination are indications the platforms whitethorn neglect soon.

This is coming astatine a clip erstwhile immoderate investors who enactment their money successful Cbex reportedly mislaid everything.

Man of Letters said:

"If you person wealth of PCEX, retreat it close now, determination are wide indicators that the level excessively whitethorn clang immoderate moment. Dominoes astir to fall. If you like, gag with this connection the aforesaid mode you joked with my CBEX clang informing connection 6 days ago. Na present we spell dey."

Cbex investors are reeling successful pains aft the level reportedly crashed. Photo credit: Facebook/Ub Edem Uman.
Source: UGC

Is PCEX a Ponzi scheme?

While nary regulatory bureau has declared PCEX a Ponzi scheme, it is not wide if it is registered and allowed to operate.

A hunt of the acronym PCEX connected the portal of registered concern operators maintained by the Securities and Exchange Commission did not output immoderate results.

Also, the acronym is not connected the database of operators approved by the SEC successful its Accelerated Regulatory Incubation Program.

See his station below:

Reactions arsenic antheral mentions sanction of different alleged Ponzi scheme

@Chrisbamidele said:

"So, determination is CBEX and PCEX? And Nigerians are the ones with immense amounts of wealth invested successful these schemes?"

@KemPatriot said

"Why bash immoderate Nigerians inactive autumn for these schemes? I retrieve proceeding about—and adjacent having the accidental to join—MMM backmost successful 1999. Instead, I chose GNLD that aforesaid twelvemonth due to the fact that it offered thing tangible. I roseate to the level of Director earlier yet stepping away."

@iMotivateAfrica said:

"I wanted to close you that you wrote PCEX alternatively of CBEX. My assemblage calm erstwhile I realized determination is besides PCEX."

@Oyewoleomobola5 said:

"Pcex don clang already na last signifier e dey. Pcex don get withdrawal contented since past week."

@_icequeen01 said:

"My aunts tenant did cbex, pcex and wwcoin .. the 3 don clang oo, I saw him lamenting connected telephone erstwhile I got backmost from enactment yesterday’s evening , his babe conscionable dey look am, curiosity made maine inquire and it was yesterday I adjacent knew determination is pcex."

Man ignored aft informing radical against Cbex

Earlier, Legit.ng reported that a Nigerian antheral had issued a warning successful March, expressing concerns astir the operations of Cbex, a integer assets trading company.

The man, Ub Edem Uman, had shared a station connected Facebook, alleging that the Cbex trading level mightiness not past beyond May earlier crashing.

Earlier successful April, galore radical connected societal media alleged that the Cbex trading level had crashed and that traders' funds were trapped.

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Source: Legit.ng