Fri, 2014-11-07

The Bermuda Police Service and the Department of Consumer Affairs take this opportunity to advise residents to exercise caution when participating in local investment schemes, particularly when return is promised following the recruitment of others. Both are aware of a gold investment scheme in current operation, which promises the potential investor no upfront costs, yet the gold product is offered far in excess of normal market prices.

Those persons involved in the promotion or operation of such schemes should carefully consider potential offences committed under the Exchange Control Act 1972, the Consumer Protection Act 1999 and the Criminal Code 1907 which, if convicted, carries a maximum sentence of 7 years imprisonment.

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