Ponzi scheme collapses and closes up shop?

Terrified investors are fearing the worst after Forex Trading didn’t open today (July 22).

As a new business in Ladysmith, Forex Trading took the town by storm, promising its investors a 100% return in just five working days. For example, if a person invested R1000, they would get R2000 back, with a 10% admission fee.

Long queues have been snaking their way through town for days now as more and more investors look for “easy money”. But these same investors are now asking questions after the business’ doors failed to open this morning.

“I think these people are gone with our money. The only thing they left behind is a hand sanitizer. What must we do with a sanitizer? We want the money that was promised to us!” said an angry investor.

“I think they were targeting people who were getting paid on the 15th. Their cell-phones are off and we are left stranded, not knowing what to do. I wish I had listened to my daughter when she warned me about these schemes. The airplane has taken off so soon!” lamented another unhappy investor.

These are just two of the comments made by people waiting desperately outside the Forex Trading offices.

All attempts to get hold of Forex Trading manager Mr Siyabusa have been unsuccessful, as his cell-phone goes straight through to voicemail.

Also read: uThukela officials test positive for Covid-19

So the question begs to be asked: Is Forex Trading another ponzi scheme like Bitcoin Wallets and have unsuspecting Ladysmith residents again been left high and dry and penniless?

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