Trade & Investment KwaZulu-Natal (TIKZN) has warned the public against an ongoing ‘Ponzi’ scheme in which fraudsters solicit money from citizens with the promise of a huge return on investment within a few days.

Scammers have been using various social media platforms to market fake finance investment opportunities under the TIKZN name.

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The entity’s Chief Executive Officer, Neville Matjie has stressed that no form of payment is required for services rendered by TIKZN.

‘We empathise with the victims and we have encouraged them to report these matters urgently to SAPS.

TIKZN is also engaging with law enforcement officials to ensure the culprits are brought to book so we bring a speedy end to this type of crime.

‘We further categorically state that this fraud is perpetrated by persons external to Trade & Investment KwaZulu-Natal, and that this organisation does not partake or promote any type of Ponzi/ pyramid scheme promising high investment return.

‘Please do not fall into the trap of a get-rich-quick scheme,’ said Matjie.

He said anyone suspecting foul play under the TIKZN branding must not hesitate to call Angel Sibisi on 076 0623779 / 076 4686139 or email Angel@tikzn.co.za

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