• Fri. Aug 5th, 2022

Royal Gardens Network and Hubtel Momo Lending Ponzi schemes – EOCO

Royal Gardens Network and Hubtel Mobile Money Lending have been cautioned by the Economic and Organized Crime Office (EOCO) not to do business with them.

These two companies, according to EOCO, operate a Ponzi/pyramid scheme and are not licensed by either the Bank of Ghana or the Securities and Exchanges Commission.

They are also not registered with the Department of the Registrar General.

According to EOCO, these companies operate through mobile money and WhatsApp, defrauding gullible Ghanaians of their money with the promise of big returns.

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