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Cryptocurrency News Articles

LIBANGO Warns Customers of Counterfeit LEC Prepaid Token Fraud

Apr 17, 2024 at 05:03 pm

LIBANGO, in response to fraudulent activities by individuals posing as LEC prepaid token vendors, has warned customers against purchasing tokens from unauthorized individuals. These criminals deceive customers by providing tokens for lesser amounts than requested and issuing counterfeit receipts. LIBANGO emphasizes that these individuals are not authorized vendors and strongly advises customers to purchase tokens only from approved and validated vendors or platforms to avoid fraudulent transactions.

LIBANGO Warns Customers of Counterfeit LEC Prepaid Token Fraud

LIBANGO Sounds Alarm on Counterfeit LEC Prepaid Token Sales, Warns Customers of Fraudulent Activities

Monrovia, Liberia - LIBANGO, the leading provider of mobile money services in Liberia, has vehemently condemned the illicit activities of criminal gangs who have brazenly posed as legitimate LEC prepaid token vendors. These unscrupulous individuals have been ruthlessly preying on unsuspecting customers, siphoning hard-earned funds through fraudulent means.

LIBANGO's urgent warning echoes reports of fraudulent actors setting up makeshift stalls across Monrovia and Paynesville, luring customers with deceptive tactics. These criminals leverage third-party platforms to cunningly conduct purchases for amounts that diverge from the customer's request or payment. To conceal their fraudulent transactions, they issue forged receipts that mask the discrepancies, leaving customers shortchanged and vulnerable.

A chilling account cited in the press release reveals the depth of these criminals' exploitation. One unsuspecting customer, seeking a $50 token, received a receipt indicating such but was dismayed to discover that the actual token's value was a mere $35. This blatant theft highlights the audacious nature of these fraudsters who brazenly pocket the difference at the expense of unsuspecting patrons.

LIBANGO has emphatically stated that these criminal elements are neither authenticated nor registered as authorized LEC prepaid token vendors. Their despicable actions are facilitated by the creation of counterfeit receipts, a transparent attempt to evade accountability.

Authorities have issued a stern warning, declaring that any individual apprehended impersonating a vendor and engaging in fraud related to LEC prepaid token sales will face the full brunt of the law. The public is strongly advised to report any fraudulent incidents promptly, providing detailed information to both LIBANGO and LEC.

To safeguard the interests of customers, LIBANGO urges all LEC prepaid token purchasers to exercise utmost caution. Tokens should exclusively be obtained from verified and approved vendors and third-party platforms. A comprehensive list of authorized entities is readily available for reference.

LIBANGO remains committed to protecting its customers from all forms of fraud and deception. By working in tandem with stakeholders, including law enforcement agencies and LEC, LIBANGO vows to relentlessly combat these criminal elements and restore confidence in the prepaid token system.

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