Pineapple scam: Police called in

Tue, Aug 29th 2017, 02:20 PM

 

THE Securities Commission of The Bahamas yesterday referred its findings on the Pineapple Express Asue Holders difficulties to police, officially classifying the self-proclaimed “asue” business as an alleged Ponzi or pyramid scheme.
A spokesperson for the Securities Commission of The Bahamas (SCB), in an email to The Tribune on Monday, said despite not receiving any formal complaints with respect to Pineapple Express, it could, from information obtained, conclude that the scheme fit “typologies of a pyramid or Ponzi scheme”...

THE Securities Commission of The Bahamas yesterday referred its findings on the Pineapple Express Asue Holders difficulties to police, officially classifying the self-proclaimed “asue” business as an alleged Ponzi or pyramid scheme.

A spokesperson for the Securities Commission of The Bahamas (SCB), in an email to The Tribune on Monday, said despite not receiving any formal complaints with respect to Pineapple Express, it could, from information obtained, conclude that the scheme fit “typologies of a pyramid or Ponzi scheme”...

 

Click here to read more at The Tribune

 Sponsored Ads