Mohamed’s family refutes involvement in “Ponzi Scheme” operations


The principals of the popular Mohamed’s Enterprises have refuted a fake article circulating on social media which suggests that they were involved in the Ponzi Scheme that was being operated by Cuban national Yuri Garcia-Dominiguez and his Guyanese wife, Ateeka Ishmael.

According to the article, Nazar and his son Azruddin are being investigated by the police in relation to the unregulated investment operation.

The fake report said all the cash received from the “investors” of the operation was delivered and laundered by the Mohamed’s.

However, Mohamed Enterprises, in a release to the media, stated that the ‘FAKE’ post also sought to derive credibility by mimicking an authentic news outlet while publishing dishonest disclosures regarding a police investigation involving a ponzi scheme.

Mohamed Enterprise further stated that it was never involved in same and the Guyana Police Force’s investigation has already revealed the persons responsible, through the persons identified publicly and subsequently charged with criminal offences relating to this ponzi scheme.

“This is public knowledge since this information is readily available both in the print and online media sources. However, the author(s) of this FAKE, untrue, malicious and vexatious article have reveled their ill-intent by continuing to peddle such dangerous lies without any proof,” Mohamed Enterprises noted.

Meanwhile, the Guyana Police Force Public Relations Officer Andries-Junior has confirmed that the article is fake and that the police are conducting no such investigation.

Authorities have recently clamped down on the Accelerated Capital Firm Inc. operations – which allegedly swindled millions of dollars out of thousands of Guyanese. The operators of the business are currently before the court on a number of charges in relation to the operation.