BSE denies affiliation with SA forex trader
Pauline Dikuelo | Thursday March 30, 2017 16:23
The warning came after the BSE said it has discovered a social media page, which was using the bourse’s logo on Wayne’s promotional materials.
Wayne was recently in the country to advise Batswana on money spinning schemes.
The BSE said the use of its logo is a misrepresentation of the existence of any relationship between the bourse and Ref Wayne-Pipcoin.
“We did not consent to the use of the BSE logo. We find it disconcerting that a post that references ‘trading live and teaching everyone about forex and investments and preparing business plans’ would be accompanied by a logo of BSE when we do not deal with forex trading, but trading of BSE listed securities,” read a statement from the local bourse.
BSE further cautioned the public against engaging with the company or the individuals behind the social media page under the pretext that there exists a relationship between the BSE and Ref Wayne-Pipcoin.
BSE market development manager said they have since engaged the owner of the page and Facebook to remove the logo from their page immediately and desist from continuing to do so, but did not have a response by the time of going to press.
On March 24, Facebook page, Ref Wayne-Pipcoin, sent a post with the BSE’s logo that read: “Taking Botswana by storm on the 25th of March 2017, be there and be prepared. We will be trading live and teaching everyone about the forex and investments. Prepare business plans if need be for those who acquire funding. #Botswana #AMG #FMG #Pipcoin (sic)”.
However yesterday, another Facebook post this time sent from a different page, Ref Wayne-TheReal that seemed to be from the South African investment adviser also denied using the BSE logo.
“After the massive impact we made in Botswana, there has been many organisations trying to discredit us and destabilise our movement.
One of which is this claim that we have used the logo of BSE, which we have NOT. Please refrain from following FAKE Ref Wayne pages that scam people with my name. This is my ONLY page!”
Since receiving overwhelming reception in Botswana last week, organisations such as Consumer Watchdog have accused Pipcoin of being a Pyramid Ponzi Scheme.
“Schemes like Pipcoin and Bill coin that suggest you can make a 99% return within 24 hours or even just 90% per month are lying. They’re simply not true. No investment scheme in the history of the world has been able to offer that sort of return,” the Consumer Watchdog stated.
According to Wayne’s webpage, www.refwaynethereal.com, one has to purchase the Pipcoin, which is divisible just like the dollar from Pipcoin stores or online to be started in the exchange or circle and store them in cold storage, which will then accumulate and earn points over time.