Ponzi alert: FSCA probing Coin It Trading and Commex Minerals

If it sounds way too good to be true — such as returns of 200% — it is just that

30 August 2019 - 19:10 By Ntokozo Khumalo

Investors hoping to coin it with promises of returns of as much as 200% on their investment in just three years, are learning the hard way that if it sounds way too good to be true, it is just that.

The latest company “showing hallmarks of a Ponzi scheme” is Coin It Trading, according to Brandon Topham, director of investigations and enforcement at the Financial Sector Conduct Authority (FSCA)...

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