Ghana: SEC flags Mekanism Marketing amid rise in digital fraud

The Securities and Exchange Commission (SEC) has warned the investing public against dealing with unlicensed entity known as Mekanism Marketing Ltd (operating as “Mekanism”).

The regulator gave warning in a statement issued in Accra on Monday amid a surge in digital investment frauds, with the Commission branding the firm’s operations as both unauthorised and illegal under the laws of Ghana.

“The scheme, which primarily recruits victims via aggressive social media advertisements, has…