The Central Bank of the Democratic Republic of Congo has red flagged investment company MYGOLDREV, labelling it a pyramid entity that risks scamming Congolese consumers of their hard earned money. The Bank added that MYGOLDREV's regulations are very weak and does not offer protection to its customers in an event that the company default on its financial obligations or stops operation.
The Central Bank also believes that the company is exposed to various risks including possibility of money laundering, financing of terrorist groups and cyber attack, resulting in theft of crypto-currencies.
MYGOLDREV has branded itself as a company that invests in gold; however its operation in the Democratic Republic of Congo allows members of the public to deposit their money in the company in return for profit. The deposit starts from as little as $10 going up to $100000, for VIP members. Members are also rewarded for convincing others to join.
It's for this reason the Central Bank has call its operation illegal, as it resembles all the signs of a pyramid scheme, which is not permitted in the country.
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