Full list of 17 fake online investment companies exposed by EOCO and SEC
The Securities and Exchange Commission (hereinafter referred to as (“SEC”) and the Economic and Organised Crime Office (EOCO) in a joint press statement has cautioned Ghanaians against 17 fake online investment companies.
“In accordance with relevant provisions of Act 929 as amended and Act 804, the SEC and EOCO wish to inform the General Public that, the underlisted entities are not licensed by the Securities and Exchange Commission (SEC),” part of the statement read.
The 17 companies are as listed below.
1. PatronPay Ghana/PetronPay Ghana
2. Cedi Network Ghana
3. Bitcash Investment
4. Solmax Group
5. Freedom Synergy
6. FxKash Investment
7. Binomo Investment
8. Hi Pay
9. Quick Earn
10. Lite Earn
11. Snap Finance
12. Faucet Wealth Investment
13. Opay Investment
14. Payme Financial Services
15. Passive Income
16. Yvonne Hanson Deals
17. Alpha Pay”
Investors and the General Public are “hereby advised to be vigilant and to desist from investing in all unlicensed investment products. Capital Market Operators, Investors, and the General Public should be assured that the SEC in collaboration with all relevant law enforcement agencies is committed to ensuring the rigorous enforcement of all the securities laws for operators in the Capital Market” the statement concluded.
