Alex Boahen is Head of Research at Databank
The Head of Research at Databank, Alex Boahen, has called for more investor education, on the operations of Ponzi schemes, to be made to the public by regulators.
He stressed that vulnerable groups especially need such education so they better know how to engage the services of such schemes in future.
The Economic and Organized Crime Office (EOCO) had cause to recently issue a caution to the public on the activities of the CHY Mall, under which Chy Century Yue Group Limited, and Sairui E-Commerce Limited operate, on the grounds that they are operating a Ponzi scheme.