Chy Century Heng Yue is a Ponzi scheme – EOCO warns

The Economic and Organised Crime Office (EOCO) has said that Chinese Company Chy Century Heng Yue Group Limited and Sairuir-Commerce Ghana Limited are Ponzi schemes.

EOCO has therefore cautioned the public against doing business with these entities.

“The company which is registered as online trading and marketing services also solicits and takes/receives funds through investment packages from its customers with a promise of guaranteed returns/margins of various percentages over a fixed short period of time,” EOCO said in a statement on Tuesday February 2.

It added “The company operates a Ponzi/Pyramid scheme and the general public is cautioned to desist from investing and patronizing Chy Mall.

“Therefore, anyone who transacts business with them does so at “their own risk.”

By Laud Nartey|3news.com|Ghana

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