LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from Saskatchewan’s Financial and Consumer Affairs Authority (FCAA).
As per
FCAA’s June 27th LSSC fraud warning
;
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors in Saskatchewan of the online entity known as Lightning Shared Scooter Co., also known as LSSC Canada.
Lightning Shared Scooter Co. claims to offer Saskatchewan residents trading opportunities, including cryptocurrencies and investment contracts.
Lightning Shared Scooter Co. is not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan.
The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses.
Offering unregistered securities to SK residents violates Canadian financial law and constitutes securities fraud.
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.
In addition to Saskatchewan, Canadian regulators in
British Columbia
,
Alberta
and
New Brunswick
have also issued LSSC fraud warnings.
🤖 Quick Answer
What is the LSSC securities fraud warning issued by Canada's Saskatchewan authority?The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued a fraud warning on June 27th against Lightning Scooter Shared Company (LSSC), also known as LSSC Canada. The entity claims to offer cryptocurrency trading and investment contracts but is not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan.
Why is LSSC considered a potential securities fraud risk?
LSSC is not registered with Saskatchewan's FCAA to trade or sell securities or derivatives. The company solicits investments online, offering purported cryptocurrency and investment contract opportunities to Saskatchewan residents without regulatory authorization, a characteristic commonly associated with fraudulent or unlicensed investment schemes operating outside established consumer protection frameworks.
How does the LSSC warning relate to broader cryptocurrency fraud enforcement trends?
The LS
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