By Emma Una
CALABAR – Despite repeated public warnings and previous enforcement actions, residents of Cross River State have continued to fall victim to a recurring wave of Ponzi scheme operators, the latest being TAG Investment Platform, which reportedly collapsed after operating for only three weeks in Calabar, the capital.
Angry clients stormed the company’s office on Friday to discover that operators had fled, prompting them to cart away available items left behind, including 10-kilogramme bags of rice, office furniture and bicycles.
Some were seen pulling down doors and windows in a desperate effort to recover something from their losses.
Ogwaje, a distraught trader at the nearby Watt Market, speaking amidst sobs said: “I invested N500,000 in the first week and got N1 million. Because of the high returns, I reinvested the money and was due to get it on Friday, only to learn that the people had run away.”
