BCSC Issues Fraud Warning Against LSSC Ponzi Scheme
On June 28, 2025, the British Columbia Securities Commission (BCSC) issued a stark warning against Lightning Shared Scooter Company (LSSC), flagging it as an unregistered securities fraud. The BCSC cautioned that LSSC, operating under multiple names and domains, is illegally offering investments to British Columbia residents, violating Canada’s securities laws. Investors are urged to exercise extreme caution, as involvement risks significant financial loss.
Unregistered Entities and Dubious Domains
The BCSC listed several LSSC-related entities, including:
- Lighting Shared Scooter Limited
- LSSC Canada Inc.
- LSC Edmonton Ltd.
- LSSC Marketing Inc.
- LSSC Expansion #1 Inc.
- LSSC – Lighting Shared Scoote Co Ltd. [sic]
Associated website domains include:
- thelssc.com
- lssc-canada.ca
- lssce.com
- lssc6.com
- lightsha.com
- lightapp.cqyydsb.com
- lightacer.com
A BehindMLM review from May 2025 identified four additional domains, suggesting LSSC operates a sprawling network of sites, a common tactic for “click a button” Ponzi schemes to evade detection.
Classic Ponzi Tactics
LSSC lures investors with a “click a button” app, promising daily returns for investing in virtual scooter rentals via Tether (USDT). Affiliates invest a minimum of 960 USDT, clicking a button daily to supposedly “power” scooters, earning returns like 30.4 USDT/day for a 960 USDT investment or up to 67.5 USDT/day for 2180 USDT. In reality, no scooters exist, and payouts come from new investor funds—a textbook Ponzi scheme. A unilevel referral structure further incentivizes recruitment, offering 15-17% commissions across three levels.
Chinese Scam Network
LSSC is linked to organized Chinese scam factories operating out of Southeast Asia, often shielded by corrupt networks. The absence of a legitimate app on Apple’s App Store or Google Play, lack of transparency about leadership, and unverified claims of Hong Kong registration or U.S. MSB licensing raise red flags. Social media posts on X echo the BCSC’s warning, labeling LSSC a Ponzi scheme targeting vulnerable groups with promises of profit-sharing and bonuses.
Investor Warning
The BCSC and posts on X urge investors to avoid LSSC, verify registrations using the National Registration Search tool, and report suspicious activity. With no physical scooters, unverifiable operations, and a history of similar scams collapsing, LSSC is a high-risk scheme designed to siphon funds.