Escaping the collapse of a pyramid

Unhappy hunting ground: Social media is the platform most preferred by scammers
Unhappy hunting ground: Social media is the platform most preferred by scammers

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.

Editor's Comment
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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