Almost two weeks after a CCN TV6 and Express investigation into the company Trillions Systems Limited that was promising thousands of investors twice, three times and up to ten times on the amount they invested, the Securities Exchange Commission have now confirmed that they have started an investigation into Trillions Systems Limited- run by James Kerron Rose.
00:00The Trinidad and Tobago Securities Exchange Commission, or TSEC, confirmed in a media release late last night that Trillian Systems Limited was under active investigation following a two-month-long investigation by this investigative journalist that was published in the Sunday Express and aired approximately three weeks ago on CCN TV6.
00:19Hundreds of investors had complained that for more than a year they had invested in crypto and forex currency investments offered by Trillian Systems Limited and its director James Caron Rose and had not seen any returns.
00:33At least 3,000 persons were part of this investment pool.
00:36TSEC, in its media release and in a story in today's Express by business editor Joel Julian, said they were investigating Trillians who was operating without the required registration and or exemption under security laws.
00:49In their release, TSEC told the public that Trillians Systems Limited was not registered with TSEC in any capacity and investigations had started into this area.
01:00TSEC outlined its role to protect investors on the local capital market, stating, open quote,
01:05Our mission is instilling confidence in the securities market by protecting investors, promoting sustainable growth and reducing systematic risk through collaboration and innovation, close quote.
01:17They warned investors who would buy Trillian Systems Limited to verify registration status through the TSEC's official website.
01:25They also warned all potential investors that investing with unregistered entities carried significant risk, including the loss of capital.
01:34They advised the public to report any tips, scams or suspicious unregistered investment offerings to market complaints at tsec.org.tt.
01:44During the CCN investigation, people from all walks of life bought into this lucrative scheme from doctors to lawyers and affluent business personnel.
01:53More than 150 investors who spoke to CCN during this investigation on and off the record reported that persons had invested between $10,000 to as much as $14 million in one instance.
02:05Rose had promised 10% weekly returns on their crypto investments and later told investors he would be starting a mystery pool where investors could get up to three times the amount they invested.
02:16He kept shifting the dates for payouts on that premise and earlier this year had promised returns of up to 10 times their investment.
02:23That date was also shifted several times and up to the end of July, no one has received any tangible confirmation of a payout.
02:32As Rose continued to tell everyone on social media to wait and see after we visited the Chagona's office a fourth night ago.
02:39CCN sent text messages earlier today to Rose asking if he had any comment about TSEC's investigation into him and his company, but he did not respond.
Be the first to comment