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.

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This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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