Escaping the collapse of a pyramid :: Mmegi Online

What seemed like a golden opportunity to make extra cash by simply “pressing,” is turning into a nightmare, with some investors losing more than P20,000 in the latest get-rich quick “opportunity” to hit the country. Staff Writer, MBONGENI MGUNI reports

Sandra Modise* counts herself among the lucky ones, who smelt something fishy and dropped out of the latest “investment scheme” to leave many Batswana in tears. The Ecoplexus investment scheme, now widely acknowledged as a cleverly designed pyramid scam, began crumbling this week, with its operators suspending payouts and making all manner of excuses for non-payment to members.

Modise, the name Mmegi has given to a 30-year old Molepolole native who spoke out about the investment scheme this week, remembers first hearing about Ecoplexus towards the end of March. In fact, records at the Copyright and Intellectual Property Authority (CIPA) show that Ecoplexus Solar Equipment Pty Ltd was registered on April 5 and subsequently removed from the registry of companies this week.

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