Read, Watch or Listen

A Hong Kong-based scooter-sharing company, Lightning Shared Scooter Co. (LSSC), ran a massive investment scam, defrauding hundreds or thousands of people across the US. Victims, including police officers, military personnel, and even a former White House press secretary seemingly endorsed the scheme. Investors, many from low-income communities, poured thousands into the app, believing they were earning money from scooter rentals. However, they couldn't withdraw their funds, realizing it was a scam. Law enforcement in multiple states is investigating, with losses estimated in the millions. The scheme highlights the vulnerability of trusting endorsements and the sophisticated nature of online investment scams.

Prepared by Christopher Adams and reviewed by editorial team.