Royal Gardens Network and Hubtel Momo Lending Ponzi schemes – EOCO

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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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