PAPUA NEW GUINEA DEVELOPMENTAL ISSUES
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  • Why are there so many suckers in PNG?
      • Anonymous
      Posted Jun 29, 2009 11:41 AM

      PUBLIC NOTICEWARNING AGAINST FAST MONEY SCHEMES & SCAMS

      The Bank of Papua New Guinea (the Bank) continues to warn the public to watch out
      and avoid doing business with fast money schemes. The Bank strongly advises against putting money in such schemes, as they are illegal, and people who place their money with the promoters or agents of these money schemes will always lose their hard-earned cash. FOR MANY UNAWARE VICTIMS, YOUR MONEY IS LOST!!

      The Bank continues to warn the public about illegal money schemes such as Money Rain, U-Vistract, Windfall, Bonanza 99, Hosava Stocks, Papalain Association, and the National Federation of Foundation. These money schemes are still collecting money from the public, but not paying returns on them. You should report such operators to the police.


      The Bank is not going to recover your money from these schemes. The Bank, Police
      and other authorities can only do much to stop these schemes. It is up to the individuals do not be foolish to place your money with any of these schemes youll never see you money and what ever you are promised in return. Your money is at risk go and demand it back from the person you paid it to.


      Many of these fast money schemes also falsely promise the public that the Bank of
      PNG is holding onto their billions and trillions of kina and will be released soon.


      Some of these operators have forged guarantees using colour reproductions of the
      Bank of Papua New Guineas letterhead and signatures purporting to be of the Governor and Deputy Governor. These are outright lies, scams, and a deliberate acts of fraud and theft.


      The BANK DOES NOT DEAL WITH FAST MONEY SCHEMES/SCAMS OR PRIVATE INDIVIDUALS, AND DOES NOT ISSUE GUARANTEES OR WARRANTEES.


      Any person who is accepts deposits from the public for any reasons at all without a license from the Bank is or issues any Bank of PNG guarantee is conducting an illegal activity.


      The Bank also warns the public not to respond to scams from overseas, which circulate letters requesting you to facilitate transfers of millions of dollars or other currencies from overseas into your personal bank account.

      REMEMBER: DO NOT PLACE YOUR MONEY WITH ILLEGAL MONEY SCHEMES/SCAMS!!

      L. WILSON KAMIT, CBE

      GOVERNOR
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    About this board - the Kumul Discussion Forum is administered and set up by PNGScape with the permission of the founder of the board and the Kumul Foundation pursuant to the Kumul Foundation's object of facilitating discussion and debate on issues of significance to Papua New Guinea's national development. The old Kumul board can be found at www.voy.com/1950/ Discussion must be conducted respectfully, and rationally, with the object being that the dissemination of ideas will lead to action that will contribute to PNG's ongoing development.

    Remember, PNG's destiny is ours too!