SIAS Warns Against Pyramid-Type ‘Nanning Scheme’ Investment Arrangements

Investors should be wary of possible ‘Nanning’-type investment schemes: Sias

Scammers can impersonate government officials by using tools such as AI Read more at The Business Times.

SIAS warns against pyramid-type ‘Nanning scheme’ investment arrangements

PYRAMID SCHEMES UNSUSTAINABLE  Investors should be particularly wary of investment opportunities that promise extraordinary or virtually guaranteed returns, or whose underlying businesses cannot be independently verified, SIAS said. They should also be cautious of schemes that encourage participants to recruit friends, relatives and acquaintances in exchange for unusually high commissions or advancement through different levels […]