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The Financial Intelligence Unit (FIU), an institution dedicated to combating financial crime, has initiated an investigation, in collaboration with key stakeholders, into the suspected unlawful activities of Super Advertis.
This entity has been using various mobile money platforms in Sierra Leone to accumulate deposits from the public, falsely presenting itself as an investment opportunity.
Super Advertis stands accused of engaging in unlicensed and unregulated financial services, particularly utilizing mobile money agents to amass supposed investment funds.
This alleged scam, resembling a “PONZI SCHEME,” operates by reimbursing existing investors from contributions made by new investors, rather than generating legitimate profits from a lawful business. Investors are misled into believing that profits stem from genuine business operations, while they actually originate from new investors’ deposits.
Major mobile money service providers, including Orangemoney and Afrimoney, have implemented measures to limit access to the third-party accounts utilized by the suspected fraudsters. They are actively collaborating with relevant authorities in the ongoing investigations.
The FIU issues a cautionary advisory to the public, urging vigilance when encountering individuals or entities offering investment opportunities. It emphasizes the importance of conducting thorough due diligence, ensuring complete satisfaction regarding the legitimacy of any business before engaging in financial investments.
Safeguarding the public’s interests and preserving the integrity of financial systems remain paramount for the FIU. The unit assures the public of further updates as the investigation progresses.
Individuals are encouraged to promptly report any suspected dubious financial activities to the FIU or relevant authorities, contributing to efforts in combating fraudulent financial schemes.
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Is now the FIU has known that the so call SUPER ADVERTIS was an unlicensed company in Sierra Leone after leaving them to engage the citizens of this country to fully participate in the scam/fraud investment
Stop taking Sierra Leoneans for granted, the said company is using the orange merchant payout and agent number to cash in and out respectively, now leave the “partnership and contractual dealing” as lots of us don’t actually know what that means (companies don’t just go in such like a click) Now the big questions are The merchant codes they are using, who registered it? The agent number to payout, to whom it is registered? Are you not supposed to get some documents or make due diligence to validate someone or a business opting to use your service as a merchant or agent before issuing out a code/number to them? In as much as you have confirmed they are using your service and certainly, it is not the person-to-person system they are operating on, should you not know who and who is behind this and what it is actually – or this does not concern you as you only care about commissions been made? As big and best in practice you claim, aren’t you supposed to protect your client on this right from the get-go? Can you not or did you reach out to them and ask for information you may need to justify their mode or operations and for the what and why to enable you to understand well because they are using your services as a medium – just to show how you care about your clients and Sierra Leoneans as a whole? If at all you have done the above and are not satisfied, are you not supposed to block them or make a case for them to stop using your services and institute a legal action if they do?? Why don’t send out alert messages about this to our phones just like you disturb us with promotional messages? Lots of us don’t actually understand this disclaimer as many would see it as if the company is fake and a fraud
I think this is the high time they start investigating Rakuten because they are also operating at the same method.
This is what authority should be doing and not when situation going out of hands, because this people where here over two months and there name was playing all over all social media but by then the authority take no action against them.
The investigation is not going to heed to anything.
What was done to Qnet, My Coin and others. People lost everything and the same investigation has been going on but non was arrested.
Your investigation is never a good news. The people getting back their money is what we call as good news.
Orange company, the super advertis agents needs to be questioned.
This is what they suppose to do in the country but everybody would just come and do what ever business in the country free
Now Rakuten are presently operating just like super advertise with no license and everyone is give a blind eyes to them until they have cause a lot of damage to d public thats the time orange will come out with a statement distancing then self from the process (OO saloon God sorry for we now)
We hope and pray for better result. As of now the indigenes that invested huge sum of cash are really going through had times. Most university students will be out of courses since most of them invested their college fees, business women are crying all over the country and the Microfinance units are chasing people as most super advertis users loan hung amounts of money to invest with the intention of paying back. So sadden
Just observing you all, but only God knows why ⁉️🙆♂️
Super advert have been in introduced in Sierra Leone more than four months they have planed all their deal with both orange and africell to scams people after they have succeeded what they need they send a press release that they don’t have any business with Super advert but who gives them agents number to deposit and redrawal ,Super advert don’t have deposit system and redrawal system only orange and africell link them few days after orange share out press release within the same week the app frozen because they have succeeded. but orange and africell will responsible for all what happens if you said you didn’t have any business with Super advert it means your system is not well secured. 😷 👍 🙄 😒
𝘼𝙩 𝙩𝙝𝙚 𝙚𝙣𝙙 𝙤𝙛 𝙩𝙝𝙚 𝙙𝙖𝙮, 𝙩𝙝𝙞𝙨 𝙞𝙣𝙫𝙚𝙨𝙩𝙞𝙜𝙖𝙩𝙞𝙤𝙣𝙨 𝙬𝙞𝙡𝙡 𝙢𝙖𝙠𝙚 𝙣𝙤 𝙨𝙚𝙣𝙨𝙚 𝙩𝙤 𝙪𝙨 𝙩𝙝𝙚 𝙫𝙞𝙘𝙩𝙞𝙢𝙨
At the end of the day this investigations will make no sense to us the victims
Rakuten is in full operation in the country and they have nothing to talk about it
This country is going down to the drain
Only God can help us.
To be sincere, orange and some stakeholders in the country had an idea about this fraudulent issue.
But God almighty will surely handle matter for us Inshallah 🙏