[Canada] Canadian regulators have flagged LSSC/ Ponzi scheme

The Alberta Securities Commission (ASC) and BC Securities Commission (BCSC) are waving red flags about Lightning Shared Scooter Co. (LSSC). ASC says LSSC (and its offshoots like LSSC Canada Inc.) isn’t registered to deal in securities in Alberta. Big risk, no protection. BCSC also dropped a warning on June 23, 2025, calling LSSC’s “click-a-button” app a Ponzi scheme with sketchy promises. Also not registered in British Columbia.

For those who don’t know what is lssc, a lssc is company that lure its US and canadien investors into investing in their scooter businesses that appear to be a Ponzi scheme with no actual products. Transactions are done through crypto USDT. Most of its members are immigrants from Africa and Caribbean. These are vulnerable people with no knowledge as far as crypto is concerned or any investment.

That is why lssc scammers are using word to word strategies to promote its businesses in immigrants communities. Some of the immigrants have invested alot