Royal Gardens Network and Hubtel Momo Lending Ponzi schemes – EOCO



The Economic and Organised Crime Office (EOCO) has warned the public against doing business with Royal Gardens Network and Hubtel Mobile Money Lending.

According to EOCO, these two companies operate a Ponzi/pyramid scheme and are not licensed by the Bank of Ghana nor the Securities and Exchanges Commission.

They are also not registered with the Registrar General’s Department also.

EOCO in a statement said these comapnies operate via mobile money and WhatsApp and defraud unsuspecting Ghanaians of their investments with the promise of giving them high returns.

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