In Togo, scammers use the Ponzi scheme and claim to offer their clients fabulous returns. The proliferation of investment companies is becoming worrisome.

Thanks to the capital contributions of the new ones, the Ponzi scheme generates income for the oldest investors. This scam often collapses on its own when there are no more new contributions.
Last Monday, the Minister of Economy and Finance, Sani Yaya, issued a statement informing the public "that these structures operate illegally and are not authorized to collect funds from the public against equity securities or shift ".
The actors of these maneuvers use the activity of collecting funds from the public and granting credit or offer online financial services and e-commerce, network marketing, cryptocurrency transactions, brokerage, advice in stock market investments, trading and investment products with the promise of surreal returns of up to 300% of the subscribed capital as well as annual interest rates that are out of all proportion to those served by the traditional financial system.
The Minister indicates that these structures operate illegally and are not authorized to collect funds from the public against capital or investment securities.