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 Anyone heard of this?

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rockstl
Master Baiter


Joined: 22 Jan 2006
Posts: 193
Location: sky high USA


PostPosted: Wed Mar 07, 2007 5:25 pm Reply with quoteBack to top

I like to read up on the latest news coming out of Nigeria involving the 419 trade. I came accross this article today that is somewhat unusual. Has anyone heard of this, and if so, explain to me what is going on? JMO, it sounds like a man that has scammed his own people, and is trying to save his own hide. I may be 100% wrong though. The article is long, but it is interesting reading.

http://www.vanguardngr.com/articles/2002/cover/february07/18022007/f818022007.html

Rock

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Yastreb
Common Street Thawth Vergabon


Joined: 04 Apr 2006
Posts: 17379
Location: Leading my wolf pack


PostPosted: Wed Mar 07, 2007 8:17 pm Reply with quoteBack to top

I'd say that Mr. Emeka Anyanwu and the others have fallen prey to a classic Ponzi scheme, though pyramid schemes are mentioend near the end of the Vanguard article.

http://en.wikipedia.org/wiki/Ponzi_scheme

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SlayerFaith
Baiting Guru


Joined: 03 Mar 2005
Posts: 5778
Location: Vegas, baby!


PostPosted: Wed Mar 07, 2007 11:36 pm Reply with quoteBack to top

I think yastreb has it right. I'm looking at the site, and it definitely smells a bit of pyramid/ponzi.

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rockstl
Master Baiter


Joined: 22 Jan 2006
Posts: 193
Location: sky high USA


PostPosted: Wed Mar 07, 2007 11:41 pm Reply with quoteBack to top

Very interesting that a Nigerian is being ripped off by an American. Maybe we should go after the bad guys to show the Nigerians what this site is all about. I wonder if we could rock his world so to speak. (the Pyramid folks)

Rock

_________________
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Safari Benin city

http://www.tmsforacure.org/ If you have extra millions, throw some at this disease, or pm me for more info Smile
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