LSSC, or Lightning Scooter Shared Company, has received a securities fraud warning from Saskatchewan’s Financial and Consumer Affairs Authority (FCAA).

As per FCAA’s June 27th LSSC fraud warning;

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors in Saskatchewan of the online entity known as Lightning Shared Scooter Co., also known as LSSC Canada.

Lightning Shared Scooter Co. claims to offer Saskatchewan residents trading opportunities, including cryptocurrencies and investment contracts.

Lightning Shared Scooter Co. is not registered with the FCAA to trade or sell securities or derivatives in Saskatchewan.

The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses.

Offering unregistered securities to SK residents violates Canadian financial law and constitutes securities fraud.

LSSC is a Chinese “click a button” app Ponzi. The scam operates under different company names, including:

  • Lighting Shared Scooter Limited;
  • LSSC Canada Inc.;
  • LSC Edmonton Ltd.;
  • LSSC Marketing Inc.; and
  • LSSC Expansion #1 Inc.

Website domains associated with LSSC include:

  • thelssc.com
  • lssc-canada.ca
  • lssce.com
  • lssc6.com
  • lightsha.com
  • lightapp.cqyydsb.com
  • lightacer.com
  • lssckai.com
  • lssc.ltd
  • lsscapp.com
  • lsscz.com

LSSC likely operates under additional company names and website domains. They are all related to the same “click a button” app Ponzi.

In addition to Saskatchewan, Canadian regulators in British Columbia, Alberta and New Brunswick have also issued LSSC fraud warnings.