Man beats wife to coma investing in Ponzi scheme

A man has been arrested in Calabar for beating his wife to a coma because she used the children's school fees to invest in the MMM Pnzi scheme.

A 45-year-old man identified as Mark Friday, has been arrested in Calabar, the Cross River State, for allegedly beating his wife to a coma for allegedly using the money meant for their children’s school fees to invest in the MMM Ponzi scheme.

Inside Calabar reports that Friday had given his wife, Ekamma, the sum of N280,000 to pay their three children’s fees but seeing a quick opportunity to make fast money, the woman invested all the money in the scheme without telling her husband, hoping to pay up after collecting making the extra money.

But the bubble burst with the freezing of the accounts of the scheme some days ago. It also coincided with the school sending a letter to Friday that his children would not be allowed to write their examinations if he failed to pay their fees which were to balance up the part payment he had earlier paid.

The report had it that when the surprised Friday asked his wife why she had not paid the money he gave her some weeks earlier, she opened up and confessed that she had invested the money in MMM.

This was said to have angered Friday so much that he locked the door to their apartment and descended on his wife, beating her to a pulp before neighbours could force the door open and rescue her.Seeing the unconscious woman on the floor, a neighbor rushed to a nearby police station and reported the case, leading to Friday’s arrest.