By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gossips24.comGossips24.comGossips24.com
  • HOME
  • GENERAL NEWS
  • BBNAIJA
  • ENTERTAINMENT
  • NAIJA GOSSIPS
  • INTERNATIONAL
  • LIFESTYLE
Notification Show More
Font ResizerAa
Gossips24.comGossips24.com
Font ResizerAa
  • HOME
  • GENERAL NEWS
  • BBNAIJA
  • ENTERTAINMENT
  • NAIJA GOSSIPS
  • INTERNATIONAL
  • LIFESTYLE
Follow US
Home » Loom is a scam- EOCO warns public
Entertainment

Loom is a scam- EOCO warns public

Israel Boafo
Last updated: June 15, 2019 9:21 am
By Israel Boafo
Share
1 Min Read
SHARE

The Economic and Organised Crime Office, EOCO, is warning the public against the new ‘susu’ investment online called Loom.

EOCO says it is a “scam” and “the general public is cautioned to desist from investing and patronizing the Loom.”

“Anyone who transacts business with the Loom does it at their own risk,” EOCO further warned.

“The Economic and Organised Crime Office in line with its mandate to prevent and detect organised crime will continue to monitor developments with online investments with the view to ensure that citizens are protected from scammers and fraudsters.”

Loom is a peer-to-peer scheme which involves people being invited to invest as little as GHC20 with the promise of a return eight times its value within a short period of time.

It was first discovered in the UK and it is now circulating across the globe with different names such as “loom circle” or “fractal mandala” or “Loom Money Nigeria.”

The scheme is targeted at a younger demographic of victims who are willing to part away with money on cyberspace, according to EOCO.

Share This Article
Facebook Twitter Copy Link Print
By Israel Boafo
Follow:
Israel Boafo Obtained MSc in Communication Studies. He has published several books to his name including his latest best selling released in May 2021.
Read more
FULL LIST of Ashawo Joints In Accra And Their Prices

Though prostitution is somehow illegal in Ghana, a lot of Ghanaians including…

The Secrets Behind Making Money Online As A Blogger

I will like to believe that I need no introduction at this…

“NSS will start paying delayed allowances today” – Deputy Executive Director of NSS to personnel

With five days away from the festive season, the cry of 2019-2020…

You Might Also Like

Entertainment

(+Video) Shatta Wale Spotted On His Knees As He Begs DCOP Kofi Boakye

By Israel Boafo Bansah
Dr Un and Sarkodie, Sarkodie throws shots at Dr. Un in his new song "Gimme Way"
Entertainment

“If I am mad, then Sarkodie is mad” – ‘Dr UN’ Kwame Fordjour slams critics (video)

By Clement Asamoah
Entertainment

Just In: Parliament shuts down over COVID-19 spread

By Israel Boafo
Entertainment

Becca welcomes her first baby girl

By Israel Boafo
Facebook Twitter Youtube Instagram
Company
  • About Gossips24
  • Contact Us
  • Privacy Policy
Quick Links
  • BBNaija
  • Movies
  • Mp3 Download
  • Music Lyrics
Editor's Pick
  • Trivia
  • Sports
  • Trends
  • Information
General News
  • Business
  • Crime
  • Elections
  • Politics
Lifestyle
  • Tech
  • health
  • Events
  • Facts And Tips

2024 © Gossips24 | All Rights Reserved | Powered by Gossips24 LTD

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?