mmegi

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
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

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