LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from the Alberta Securities Commission (ASC).
As per
ASC’s June 19th LSSC fraud warning
;
Lightning Shared Scooter Co. is not registered to trade in or advise on securities or derivatives in Alberta.
Offering unregistered securities to AB residents violates Canada’s financial laws.
In light of LSSC committing securities fraud, ASC
recommended[s] that investors should not deal or engage with firms that are not registered as there is no assurance of any investor protections.
LSSC
is a Chinese “click a button” app Ponzi. The scam operates under different company names, including:
Lighting Shared Scooter Limited;
LSSC Canada Inc.;
LSC Edmonton Ltd.;
LSSC Marketing Inc.; and
LSSC Expansion #1 Inc.
Website domains associated with LSSC include:
thelssc.com
lssc-canada.ca
lssce.com
lssc6.com
lightsha.com
lightapp.cqyydsb.com
lightacer.com
lssckai.com
lssc.ltd
lsscapp.com
lsscz.com
LSSC likely operates under additional company names and website domains. They are all related to the same “click a button” app Ponzi.
n addition to Alberta Canadian regulators in
British Columbia
and
New Brunswick
have also issued LSSC fraud warnings.
🤖 Quick Answer
What is LSSC and why did it receive a securities fraud warning in Canada?LSSC, or Lightning Scooter Shared Company, is an unregistered entity that received a securities fraud warning from the Alberta Securities Commission (ASC) on June 19th. The ASC determined LSSC is not registered to trade in or advise on securities or derivatives in Alberta, making its offerings to Alberta residents a violation of Canadian financial laws.
What actions did the Alberta Securities Commission recommend regarding LSSC?
The Alberta Securities Commission recommended that investors should not deal or engage with firms that are not registered, as there is no assurance of investor protections. This advisory was issued specifically in response to LSSC's unregistered securities activities targeting Alberta residents, underscoring the regulatory risks associated with unlicensed investment operations in Canada.
**What type of scheme is LSSC alleged to
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