The Central Bank of the Solomon Islands has issued an alert on a fraudulent operation known as “F-Mobile”, which it says has been identified as a pyramid scheme. It warned that the entity is not licensed, regulated, or authorized by the Central Bank to collect deposits or offer investment services in Solomon Islands, and urged the public not to provide money or personal information to F-Mobile or its promoters. Reports received by the Central Bank indicate that F-Mobile is soliciting funds by promising unusually high and quick returns driven mainly by recruiting new participants rather than legitimate business activity. The notice highlights common pyramid scheme indicators, including low-risk high-return claims, subscription or buy-in fees, reliance on continuous recruitment to pay earlier participants, a lack of genuine underlying income-generating activity, and the use of testimonials to attract members; individuals approached by F-Mobile or similar schemes are encouraged to report the matter to the Solomon Islands Financial Intelligence Unit or the Royal Solomon Islands Police Force for investigation.
Central Bank of the Solomon Islands 2026-02-02
Central Bank of the Solomon Islands warns the public against unlicensed F-Mobile pyramid scheme
The Central Bank of the Solomon Islands has issued an alert regarding "F-Mobile," identified as a fraudulent pyramid scheme not licensed to operate in the country, urging the public to avoid engaging with it and report any approaches to authorities. The scheme promises high returns through recruitment rather than legitimate business activities, displaying typical pyramid scheme characteristics.