A Victim of the Crashed Chinmark Ponzi Scheme Commits Suicide

Living in one of the poverty capitals of the world is bad enough. Therefore, getting defrauded while at it is a huge blow. Sadly, this pathetic history keeps reoccurring. The crashed Chinmark Group Ponzi Scheme is the latest Ponzi scheme that has ended in massive tears and the loss of life.

Investors have lost millions of naira to the crashed Ponzi scheme. Unfortunately, not just hard-earned money was lost, a life has also been claimed.

An investor identified simply as Nuella has died. She gave up the ghost days after she reportedly attempted suicide. 

The deceased reportedly invested a huge sum of money without informing her family. After news of the scheme crashing broke out, she attempted suicide.

However, moved by sympathy, one Mr Charles Awuzie, the Chief Executive Officer of Gemsbok Group reportedly rescued her. She was thereafter rushed to the hospital. Unfortunately, he announced via his Facebook account that she is dead. 

Marksman Ijiomah, the CEO of and Chairman of Chinmark Group, has gone missing. His current location is unknown.

Additionally, since last month, aggrieved investors have taken to social media to call out the company. Also, social media influencers such as Amanda Chisom that promoted the company were equally dragged through the mud. 

Nevertheless, investors are yet to be refunded. Currently, the aggrieved investors are claiming that the company was a well mapped out fraud from the jump.

Interestingly, in December 2021, the Nigerian Securities and Exchange Commission (SEC), took to its website to warn Nigerians about the group.

Below is an excerpt of the warning of the Securities and Exchange Commission (SEC) taken from their website.

Activities Of FinAfrica Investment Limited (Chinmark Group)

25/12/2021

The attention of the Securities and Exchange Commission, Nigeria (“SEC”) has been drawn to the activities of an Illegal Operator (FINAFRICA INVESTMENT LIMITED). The Company claimed to be an Investment Company that engages in Business Development in Commercial sectors of the economy and uses the funds in entities under Chinmark Group.

The Commission hereby notifies the investing public that neither FINAFRICA INVESTMENT LIMITED nor Chimark Group is registered by the SEC and the Investment Scheme promoted by these entities are also not authorized by the SEC.

In view of the above, the general public is hereby WARNED that any person dealing with the within named Company in any capital market related business is doing so at his/her own risk.

SIGNED

       MANAGEMENT

Nevertheless, according to some aggrieved investors, Marksman Ijiomah, the CEO of and Chairman of Chinmark Group, was seen in several churches preaching. His staunch Christian Persona aided him in capturing the trust of many investors.

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