SEC exposes 3 more investment scams

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Three more groups peddling illegal get-rich-quick schemes while the world is grappling against the COVID-19 pandemic have been flagged by the SEC.

OnlineBiz is soliciting a minimum of P19,000 worth of investment in exchange for P5,000 to 50,000 weekly earnings, plus insurance plan and free travels.

Accelerare, which is based in Don Bosco, Parañaque City, asks investors to lend to its ventures in car trading and foreign exchange, while promising interest income as well as bonuses and commissions. A minimum of P1,000 is required in the car trading business, with the promise of 20-percent interest after 28 days or 150 percent after 90 days.

 

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well they deserve vigilante justice for being absolute scum that wants to destroy minds and the lives of others.

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South Africa South Africa Latest News, South Africa South Africa Headlines