VANCOUVER, March 12, 2013 /CNW/ - The British Columbia Securities
Commission is warning the public not to send money to Profitable
Sunrise, an entity that purports to be incorporated and registered in
the United Kingdom, and claims to provide short-term bridge loans to
companies in the United States.
According to its website, Profitable Sunrise offers five different
investment plans, with a minimum investment of $10.00 and a "risk free"
return of between 1.6% and 2.7% per business day on a 180 to 240-day
term. The BCSC contends that these returns are so high that investors
cannot earn them through legal means.
The BCSC has received reports of British Columbia residents wiring money
to Profitable Sunrise, and wishes to advise the public that Profitable
Sunrise is offering its investments without a prospectus and without
The Alberta Securities Commission has also issued an investor alert with respect to Profitable Sunrise's
activities, and the North Carolina Securities Division recently issued a Temporary Order to Cease and Desist against the entity and its agents.
The BCSC urges investors, agents or members of the public who have been
approached by or have information about Profitable Sunrise to contact
the BCSC inquiries line at 604-899-6854 or 1-800-373-6393 (toll free).
The BCSC is the independent government agency responsible for regulating
trading in securities within the province. Learn how to avoid
investment fraud at the BCSC's investor education website: www.investright.org.
SOURCE: British Columbia Securities Commission
For further information:
Contact: Richard Gilhooley