LSSC Securities Fraud Faces Quebec Warning for Ponzi Scam
On July 4, 2025, Quebec’s Autorité des marchés financiers (AMF) issued a securities fraud warning against Lightning Scooter Shared Company (LSSC). The AMF stated that LSSC, operating as Lightning Shared Scooters Co., Ltd., is not registered to solicit investors in Quebec, violating Canadian financial law.
"Click a Button" Ponzi Scheme Exposed
LSSC is identified as a Chinese-run “click a button” app Ponzi, promising daily returns for investing in fake scooter leasing operations. Users invest in Tether (USDT) and click a button in the app, supposedly powering rentable scooters, but no actual business exists.
Funds from new investors pay earlier ones, a hallmark of Ponzi schemes. The scam operates under aliases like LSSC Canada Inc., LSC Edmonton Ltd., LSSC Marketing Inc., and LSSC Expansion #1 Inc., using domains such as thelssc.com, lssc-canada.ca, and lssc.ltd.
Multi-Province Crackdown
Regulators in British Columbia, Alberta, New Brunswick, and Saskatchewan have also issued fraud warnings against LSSC, highlighting its unregistered securities offerings. Social media reports indicate blocked withdrawals and demands for additional deposits to “unlock” funds, further signalling fraud.
Investor Alert: Avoid LSSC
The AMF and other Canadian regulators urge investors to avoid LSSC, citing no verifiable business operations or regulatory compliance. The scheme’s multiple names and domains suggest a broader network of fraud, likely tied to Chinese scam factories in Southeast Asia.