PUBLIC ALERT – TripleLift (For Website)
TripleLift claims to be an advertising company. TripleLift recruits individuals through social mediaplatforms such as WhatsApp and Facebook, requiring them to purchase a “Work Bond” to be fullyemployed. The entity offers fixed daily, monthly and yearly income from watching advertising content.The scheme offers membership tiers as shown below
PUBLIC ALERT – Velmont
The Securities and Exchange Commission (“the Commission”) has identified a purported investment scheme operating under the name “Velmont Gold Mining company” (Velmont). The scheme is actively promoted on social media platforms like Facebook and WhatsApp, inviting the public to invest K128 for 40-days, with a promise of earning K6.40 daily and a total pay-out of […]
PUBLIC ALERT – Vertex Pulse Edge fnl
The Securities and Exchange Commission (the “Commission”) has identified a purported investment scheme operating under the name “Vertex Pulse Edge”. Vertex Pulse operates and/or promotes the operation of its fraudulent business activities, through an online platform called the Vertex Pulse Edge Platform. The Commission has also noted that Vertex Pulse Edge’s scheme is being widely […]
PUBLIC ALERT – ponzi Core Various
The Securities and Exchange Commission (“the Commission”) has identified a purported investmentscheme operating under the name “Core Various.” The scheme is actively promoted on social mediaplatforms like Facebook and WhatsApp, claiming to offer investors returns of up to 10 times their initialinvestment after 100 days. It features an F50 earning category that heavily incentivizes recruitment,rewarding […]
PUBLIC ALERT – PMG
The Securities and Exchange Commission (“the Commission”) wishes to alert the public to a suspected Ponzi scheme operating under the name Performance Marketing Group (PMG). PMG claims to be an advertising agency affiliated with a UK-based company. PMG recruits individuals through a PMG mobile application, requiring them to pay a “security deposit” in exchange for […]
PUBLIC ALERT – Auteri Jewellers. final
The Securities and Exchange Commission (“the Commission”) has identified a purported investmentscheme operating under the name “Auteri Jewellery Company Ltd.” The scheme is actively promotedon social media platforms like Facebook, TikTok and YouTube, claiming to offer investors daily returns.The promoters of this scheme are enticing the public to invest money promising unusually high andfixed daily […]
Unlicensed Investment Scheme: QZ ASSET MANAGEMENT
The Securities and Exchange Commission (“SEC”) has become aware of an unlicenced, and possible fraudulent investment scheme being promoted as QZ ASSET MANAGEMENT (“QZAM”) and its associates/promoters, that are recruiting members of the public on behalf of QZAM. We understand that QZAM is being promoted via seminars, presentations and social media referral statements being made […]
PUBLIC WARNING: UNLICENSED INVESTMENT ADVISERS
The Securities and Exchange Commission (“Commission”) has observed an increase in thenumber of entities and individuals issuing analyses or reports on investments in securities, andoffering or purporting to offer investment advisory services to the public. While the Commission welcomes such valuable initiatives that guide the public in making decisions on investment in securities, advice should […]
Public Alert: Contract Farming Schemes/Agreements
The SEC has received several enquiries in the recent past as to whether companies orindividuals that are advertising and soliciting (asking) for the public to invest incontract farming schemes/agreements are regulated by the Commission. Much as the Commission welcomes innovations and possible partnerships in thevarious sectors, members of the public are urged to be cautious […]
PUBLIC ALERT – Company Called KWAKOO and a Cryptocurrency Called ONYXCOIN
The Securities and Exchange Commission (“SEC”) hereby cautions the investing public to be careful when making investment decisions. The SEC has received information and enquiries from the public regarding a company called KWAKOO that is requesting the public to invest in a cryptocurrency called ONYXCOIN. We understand that KWAKOO is promoting and advising individuals to […]