Africa-Press – Eswatini. The Financial Services Regulatory Authority (FSRA) has sounded the alarm over a fraudulent investment scheme falsely operating under the name E-Wealth Investment Eswatini, warning the public to remain vigilant in the face of increasingly sophisticated scams.
In a public alert issued yesterday, the FSRA revealed that E-Wealth Investment Eswatini is not registered or licensed under any financial regulations in the Kingdom of Eswatini.
The so called investment company has no physical presence and operates solely through a Facebook page, which features a fabricated, AI-generated video that falsely depicts the Minister of Finance, Neal Rijkenberg, endorsing the scheme.
FSRA Chief Executive Officer Ncamiso Ntshalintshali minced no words, stating “E-Wealth is a non-existent entity. The video is fake, and we urge the public to remain vigilant against such manipulative tactics. AI-driven scams are on the rise, and cybercrime laws in Eswatini carry harsh penalties”.
This warning comes in the wake of recent revelations about other illegal financial operators, including The Capital Group and Pulse Glide, both of which were found to be misleading investors with false claims of licensing and offering unrealistic returns.
The FSRA emphasized the need for the public to verify any investment offers through official channels before parting with their money. The authority also reminded the public of its toll-free whistleblower line, 800 9011, as a tool to report suspicious financial activity.
How to Stay Safe:
Be wary of investment promises that seem too good to be true.
Always confirm a company’s license with FSRA before engaging.
Avoid sharing personal or financial information with unknown entities online.
As financial scammers become more creative and adopt emerging technologies such as AI, the FSRA calls on every citizen to play their part in protecting the integrity of Eswatini’s financial sector.
For More News And Analysis About Eswatini Follow Africa-Press
