The Economic and Organized Crime Office (EOCO) has cautioned the general public against investing and dealing with the services of Royal Gardens Network and Hubtel Mobile Money Lending.
In a statement, EOCO disclosed that the two companies have not registered with the Bank of Ghana and the Securities and Exchange Commission (SEC).
“Checks have established that Royal Gardens Network and Hubtel Mobile Money Lending have not been registered to operate as online investment companies and that they only exist in the virtual space ostensibly to defraud unsuspecting victims.
“The companies have been found to operate a ponzi/pyramid scheme and the general public is cautioned to desist from investing and patronising them,” the Head of Public Affairs, Faustina Lartey warned.
Below is the full statement from EOCO
Meanwhile, Hubtel Limited has clarified that it a registered company with the Registrar General’s Department and has the approval from the Bank of Ghana to provide enhance payment services to the general public.
Source: Ghana/Starrfm.com.gh/103.5FM/Isaac Dzidzoamenu
