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Inside Ecoplexus and its promises of quick returns

Ponzi Scheme
Ponzi Scheme

Beware! There's a new Ponzi scheme in town and it's called Ecoplexus. This scheme is being marketed as an electrical energy investment opportunity, but don't be fooled by the fancy terminology.

According to every website about Ecoplexus, it is a "leader in the development, design, engineering, construction, financing, operations and ownership of renewable energy systems for the commercial, government, and utility markets".

Ecoplexus members presented me with information that their company operates physical power stations where users can rent solar generators via an app to earn daily income from electricity production. When renting a generator, Ecoplexus links your account to a corresponding device at their solar farm. To receive the amount of power your generator produces, you must indicate that it is "working" by clicking the working button on the app each day. Ecoplexus is said to then convert all generated electricity at a rate of 1KW:1BWP and sells it to the global market at a higher price. Additionally, the company recycles all of the electricity produced.


Editor's Comment
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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