Covid used as scapegoat in collapse of ponzi scheme?

Terrified investors are fearing the worst after the Forex Trading business didn’t open its doors on Wednesday, July 22… The business is still closed and investors are holding their breath, wondering if it will ever open again.

A WhatsApp message has been making the rounds on social media, allegedly written by Forex Trading manager Mr Siyabusa to inform investors that the offices were temporarily closed for decontamination due to Covid-19 and would re-open on Tuesday, July 28.

This did not happen though. To date, the business is still closed and all the pamphlets have been removed from the premises. “It looks as if it was indeed a ponzi scheme and that they’ve done a duck with everyone’s money,” lamented one investor who was seen ‘camping’ outside the empty offices waiting for a ‘miracle’.

Also read: Ladysmith business closes, but is it a ponzi scheme?

Also read: Ponzi scheme collapses and closes up shop?

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

Click to receive news links via WhatsApp. Or  for the latest news, visit our webpage or follow us on Facebook and Twitter. Join us there!