The investing public has received a high alert from the SEC on Mekanism Marketing Ltd., an unlicensed entity.

Compiled By: Prince Henry Danquah, Bora Capital Advisors Ltd.

The Securities and Exchange Commission (SEC) has issued a high alert to the investing public, blacklisting an unlicensed entity known as Mekanism Marketing Ltd (operating as “Mekanism”).

The regulator’s warning on Monday, February 16, comes amid a surge in digital investment frauds, with the Commission branding the firm’s operations as both unauthorised and illegal under the laws of Ghana.

The scheme, which primarily recruits victims via aggressive social media advertisements, has been flagged for using “Job 1” to “Job 10” task-based systems to lure unsuspecting citizens into depositing funds under the guise of high-yield capital market activity.

Source: newsthemegh.com