Another financial scheme promising millions of dollars in return for peoples investments has emerged in Temotu Province, and the Financial Intelligence Unit is warning people against it, saying it is ponzi scheme.
In a statement, the Financial Intelligence Unit says the ponzi scheme, Five Golden Dreams Investment, started in Temotu and is now spreading to other provinces, including Honiara.
The scheme’s promoters are gaining members by telling people that an initial funding of one-million dollars for the investment came through the Central Bank from a couple in the United States, purposely for people who were affected by the tsunami in Temotu.
