Director of Solomon Islands ponzi scheme arrested

Police in Solomon Islands have arrested a director of the ponzi scheme One Link Pacifica.

The scheme, which promises a 300 percent return on investment within a month, has been operating for months.

It prompted multiple warnings from the Central Bank, but still received large sums of money from the public.

The Honiara police commander, Stanley Riolo, says the director, who has not been named, has been charged with making false pretences.

Police also seized US$12,000 cash in making the arrest.

Mr Riolo said the investigation into the scheme is continuing, with leads also being followed up in Malaita.

“I want to urge members of the public to take heed of warnings by the Central Bank of Solomon Islands about such schemes like the Onelink Pacifica and others in past years as you will only lose your valued investment,” he said.

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