Warning about fly-by-night investment companies

2016-05-13 06:00

POLICE are warning communities to be observant when putting money into apparent investment companies, which are springing up all over Kokstad.
“It has come to the attention of police that there are many investment companies in town. It worries us to see a lot of people queueing at these company offices to invest, but after two or three months, they [company­] disappear and investors don’t get their investment returns,” said police spokesperson Lieutenant Dumisani Ncongo.

Fever recently published a story about investors who were begging for their investment returns.

“Police understand that people are not forced to go to these investments companies, but it is worrying when they cry for their returns­. The Kokstad community is advised to be careful with these investment companies.

“We don’t want people to come to the police station to complain about investment companies, which is why we are warning them.
“Police understand there are old people who take their last bit of money and try to double it, then later cry when the investment companies disappear,” said Ncongo.
- Supplied.

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