NEW SCHEME PROMISES HUGE DAILY RETURNS

MBABANE – As emaSwati are still reeling from losing millions to a Ponzi scheme, another investment scheme has surfaced promising to reward people daily.

The new ‘investment opportunity’ is purported to be an investment that will see locals having their money used in the financing of a manufacturing plant based in the United States of America (USA).

According to those seeking to recruit members of the public, the money shall be invested in the manufacturing and production of electric scooters which are then leased to the public.

This initiative is posed as a ‘golden opportunity’, which shall see those investing cashing out daily earnings, given that the so-called business opportunity is popular in First World countries.

It is claimed that the investment is also a contribution against climate change, as it limits air pollution and is easily used for short distances.

Publication

This was established exactly seven days ago when this publication started following the allegations of a Ponzi scheme hosting events in Manzini where over 35 people were said to have been in attendance.

The members of the public were said to have been given an example, which was enticing, in that when they invest E8 000, they would for the next 24 months get returns of E11 000 each month which sums up to E264 000.

Meanwhile, a local representative of the purported investment opportunity said the initiative was still new and those interested in ‘making it rain’ cash in their accounts, had to attend one of their presentations across the country.  She said they were hosting presentations across the country to demonstrate to locals the supposed unparalleled returns they could dig into.

The representative further shared information, which was said to be a guide on the opportunities. First, it was a four minutes audio recorded and used to tease ‘potential investors’.

Through the audio, a male representative of the said investment explained that the Pulse Glide company, which is the entity where those interested in making limitless returns are investing, started operations on December 7, 2022.

“Recently, we just celebrated the two year anniversary of the company. So it is a scooter manufacturing company, which uses those electric scooters to rent them out for people to use in short distance travel. Because the company is still new, it needs partners so that it can spread the scooter rental around the world faster than if it does it on its own. So that’s where we get this opportunity to become partners with Pulse Glide. So as partners, it means we are now getting into the same machine that the company has (sic),” according to the audio.

The recruiter further claims that since the purported investors are in the same machine as the company, they supposedly take ownership of this industry.

He supposes that as the scooters are rented out, they are getting a payout from the fees of the scooter rental based on the number of electric scooters that they buy from the company.

Scooters

“As we buy those electric scooters, we own the electric scooters, but the company is managing and using the scooters for our benefit. So that is what the document explains. And then the second document, explains the costs of the e-scooters based on the levels that are there. So you are allowed to start at any level,” narrates the audio in part.

The audio further details that when an investor recruits other people to join as partners, based on the level in which they are, and the level at which those recruited are joining.

He supposed that there is a 15 per cent bonus that you are getting from 15 per cent of the amount, which the partner used to join. And then if that partner also invites somebody else to join, he claimed, then that partner will get the 15 per cent, but the initial recruiter who introduced the partner will get five per cent instead.  “If you are on Level One, you invite a friend to join, and your friend becomes Level One, you will get a reward of E190.38 (US$10.50).  When your friend invites a friend, your friend will get 190.38 and you will get E63.46.  If you are level two, and you invite a friend to join, and your friend becomes level two, you will get a reward of E489.54. If your friend invites a friend, your friend will also get a reward of E489.54 and you will get a reward of E163.18,” he said.  

Meanwhile, Pulse Glide is similar to that of SukkeOntime Investments (Pty) Ltd which was said to have defrauded over 2 000 emaSwati through its scam. The over 2000 emaSwati were said to have invested over E34 million which was siphoned from unsuspecting investors. The intricate modus operandi of SukkeOntime Investments saw it luring its victims into a fraudulent investment scheme, promising lucrative returns on investments in photocopier machines.

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