DURBAN - Sun International has issued a warning to all persons regarding certain fraudulent Facebook and WhatsApp posts - purportedly sponsored by Sun international.
According to Sun International, individuals are claiming to offer extraordinary and fictitious returns for money invested in an alleged investment scheme which has similar characteristics to a Ponzi Scheme.
According to the scam, individuals are invited to invest cash in amounts of between R1000 and in excess of R10 000 for silver, gold, diamond or platinum tiered investment vehicles, in return for which they will allegedly earn almost three times their original investment in less than a month.
Sun International does not offer such a scheme which is patently false and is clearly intended to defraud people of their money.
Social media is one of the ways that scammers target unsuspecting people by posting their scams social media sites like Facebook and Twitter or using WhatsApp to spread the scam.