26 Mar 2020

Solomons police break up ponzi confrontation

6:14 pm on 26 March 2020

Solomon Islands police have been forced to step in to mediate between angry members of a local ponzi scheme and their so-called mentors who have failed to pay out promised returns on investments.

Solomon Islands money

Photo: ppart/123RF

The "One Link Pacifica" scheme has been outed by the country's central bank multiple times over the past year.

The bank's warnings had largely fallen on deaf ears with many investing money into the scheme.

Some even attacked Central Bank officers online, saying they were trying to jeopardise their prospects.

'One Link', as it was known locally, promised a 300 percent return on investments within 30 days.

But the Solomon Star newspaper reported an angry group of people gathered outside the scheme's offices in Honiara this week demanding their overdue payments.

Acting Police Commissioner Mostyn Mangau said a similar incident occurred last week but as yet no official complaints had been made.