BoG warns against fraudulent money doubling scheme, BitCash Currency Exchange
Source: Citinewsroom
By DL News
Published
1 min read
"This fraudulent scheme does not reward investors as promised. Unsuspecting recipients of such messages who click on the hyperlink or forward such messages compromise the safety of their funds, their WhatsApp accounts, and other social medi...
The Bank of Ghana (BoG) has issued a warning to the public, against dealing with a money doubling scheme known as BitCash Currency Exchange.
In a statement issued today, March 8, 2022, the BoG said it has not approved a license for the organisation's operations.
"This fraudulent scheme does not reward investors as promised. Unsuspecting recipients of such messages who click on the hyperlink or forward such messages compromise the safety of their funds, their WhatsApp accounts, and other social media profiles, as well as those of friends and family on their contact list," the BoG said.
In addition, the Central Bank advised that the public deletes such messages and avoid clicking on their hyperlink or sharing it with others.
"Remove any member (s) on social media platforms from whom such messages are received as their accounts may have been compromised,” it said.
