Panic As Forex Trading Business Collapse

Bevern Capital a forex trading entity closed its doors over the weekend resulting in panic of Investors who are yet to collect their money.

Social media has been ablaze with the news of Bevern Capital closing down.

The bussines claims to be an investment firm has been offering massive returns of up to 50 per cent in just 6 weeks, for any United State Dollars Cash invested with them.

Word on the street is that Bevern Capital claimed that it would invest the money into mining and stocks in order to generate such huge returns for its clients. The company claimed that the returns are guaranteed because mining always generates foreign currency.

However, the massive USD returns which translate to over 400 per cent per annum led some to suspect that this was an elaborate Ponzi Scheme/ pyramid scheme. Many people, it seems, however, were willing to disregard logic or were willing to risk it all in the hopes of striking it rich quickly.

In the last few weeks we wrote an article about the 100rtgs investment to get 600rtgs another posible pyramid scheme Zimbabweans have been falling for. The Reserve Bank and Police also warned citizens not to fall prey to fraudulent investment firms and lose their hard-earned money.

Over the weekend, Bevern Capital posted a notice on their doors warning that they are temporarily shutting down due to legal and compliance issues. They went on to say that they are reorganizing themselves and will soon be reopening. However, no specific dates were given for the reopening.

Notice of Closure of the Company reads;

Inconveniences caused are sincerely regretted

We would like to advise all our valued clients that we have closed our offices for payins (sic) and payouts for the following reasons:

1. Legal and compliance issues

In order to ensure all our operations and services are delivered on your maturity date, we shall be organising ourselves and we will reopen soon.

Please bear with us during this trying period.

Bevern Capital.