The CBOB has again warned the public to be cautious and avoid doing business with fast money schemes as they are illegal and fraudulent. Governor CBOB in a statement said people who placed their money with promoters or agents of these money schemes risk losing their hard earned cash.
“The bank is aware of certain individual(s), agents or groups who ask innocent individuals and companies to pay cash with a hefty promise of 100-2000% return on investment.“They also claim that a huge sum of money (often in billions/trillions) is held by the CBOB and is awaiting clearance for immediate payment,” Mr CBOB said.
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