VANCOUVER, March 22, 2013 /CNW/ - The B.C. Securities Commission is
warning investors about Internet-based "high-yield" investment
promotions targeting British Columbia residents.
Recently, the BCSC became aware of three entities - Lucra Fund,
Profitable Sunrise, and Goldenarium - offering unregistered, high-yield
investments through e-mail, social media channels, and their own
On March 11, 2013, the commission became aware of Lucra Fund, after a
BCSC staff member received a promotional e-mail. The sender of the
e-mail wrote that Lucra Fund offered 5.5% daily returns, and promised a
referral commission. The Lucra Fund website stopped working soon
On March 12, 2013, the BCSC issued an Investor Alert about Profitable
Sunrise, an entity that claimed to provide short-term bridge loans that
would pay a "risk free" return of between 1.6% and 2.7% per business
day on a 180- to 240-day term.
Regulators across North America issued similar alerts, and the North
Carolina Securities Division issued a Temporary Order to Cease and Desist against Profitable Sunrise and its agents. The BCSC also received
reports that BC residents wired money to Profitable Sunrise.
On March 19, 2013, BCSC staff became aware of what appears to be a
BC-connected promotion of Goldenarium through Twitter. Similar to
Profitable Sunrise, this high-yield investment promotion offered a
minimum investment of $10 and high daily returns. It also offered a
The Goldenarium website no longer works, and people on numerous Facebook
pages connected to the scheme are questioning whether the entity will
reactivate its website.
The BCSC contends that the returns offered by all three of these
entities are so high that they cannot be earned through legal means.
The commission urges BC residents to use extreme caution if approached
by anyone offering this type of investment.
Investors, agents or members of the public who have been approached by
or have information about Profitable Sunrise, Lucra Fund, are
Goldenarium are encouraged 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
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