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"I started investing with N3,500 and in a month, I'd get up to N10,000 profit," the undergraduate said, adding that the high yield encouraged him to plunge more money into the scheme with the hope of cashing out big. For Olalekan Olamilekan, 86FB's offer initially seemed too good to be true until he visited the company's branch office in Ikeja, Lagos state, and was assured of the "genuineness" of the investment. Investors began to fret as the bad news went viral on the internet. As a result, we notified the merchants to cease processing and suspended their use of the Flutterwave platform," it said. A Ponzi scheme is an investment scam that involves the payment of purported returns to existing investors from funds contributed by new investors until investment stops pouring in and the company cannot sustain the scheme. I am not involved in the operations. With subsidiaries in up to 110 countries, the MMM scheme, which was first launched in Nigeria in 2016, was short-lived. While 86FB has taken its share of the largesse and vanished, the major question on the lips of some observers is: do Nigerians ever learn? Despite the failures of some Ponzi schemes that carted away billions of naira and destroyed livelihoods, it appears Nigeria remains a fertile ground where a lot of people are desperate to make a fortune from a penny. faux saint laurent bag
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In June 2018, at the height of the controversy over the separation of undocumented immigrant families at the southern border, Time magazine's "Welcome to America" cover, juxtaposing a photograph of a crying Honduran toddler with one of a menacing Donald Trump on a red backdrop, was promptly labeled fake news because the child had not, in fact, been taken from her mother by federal agents. Defenders of the magazine claimed the cover was meant not as literal fact, but rather as a metaphor for the national debate. But for those looking for more evidence of fake news, Time's cover provided it. The marketplace of ideas is imperfect but essential to facilitate the search for truth. Focus on Truth, Not Fault Also in 1988, the Libel Reform Project at Northwestern University issued "the Annenberg Proposal." Under the Annenberg model, a libel "victim" would have to request a retraction or opportunity to reply within 30 days of publication. If the defendant complied, any further legal action would be barred. If not, either the plaintiff or the defendant could compel any libel suit to be converted into a "no-fault, no-damages" declaratory judgment proceeding, where the only issue would be truth or falsity. A traditional suit for actual damages would remain an option, but only if the defendant agreed to it. Libel Reform Redux All this begs the question of whether courts are the best entities to determine the official version of "the truth." Supporters of the Leval or Annenberg proposals asserted that the government has a legitimate interest in the accuracy, or inaccuracy, of media reports. This view is shared by many government officials and institutions around the world. Numerous studies posit that fake news affected voter choices in the 2016 election, in the Brexit referendum, and other political campaigns, posing a fundamental threat to democratic institutions. Logically, governments would have a duty to protect audiences from fake news. Yet, both the executive and legislative branches might be perceived as self-interested if they tried to evaluate truth or falsity. The courts may be the best alternative. But they would be the best of a bad lot. However independent they may be, courts are still instrumentalities of the government. As First Amendment scholar Zechariah Chafee wrote, "We must always be careful not to assume that the findings of a tribunal on a controversial issue are THE TRUTH." The marketplace of ideas is imperfect but essential to facilitate the search for truth. Government<\/g> can control and manipulate the flow of information about itself and its actors, so any determination of truth or falsity that fails to recognize the fundamental and coextensive right of the citizen to criticize without fear of sanctions or retribution--what Justice Brennan called "the central meaning of the First Amendment"--is flawed. A free and independent press, not a single leader or a government-run "Truth Tribunal," is the best means to ensure an informed citizenry, and to hold institutions and individuals to account. And that's not fake news.<\/g> Jane E. Kirtley is the Silha Professor of Media Ethics and Law at the Hubbard School of Journalism and Mass Communication at the University of Minnesota, where she directs the Silha Center for the Study of Media Ethics and Law and is an affiliated faculty member at the Law School. She was a Fulbright Scholar at the University of Latvia in 2016 and the executive director of the Reporters Committee for Freedom of the Press from 1985 to 1999. faux saint laurent bagbest website for replica bags
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