Investing and Banking & Finance

Indiana officials warn investors about British firm

March 15, 2013

The secretary of state's office is warning investors about a company that promises low risks and high returns but isn't registered to sell securities in Indiana.

The company operates under the name Profitable Sunrise and is based in Birmingham, England.

Officials say Profitable Sunrise tells potential investors they will help the economy recover and create jobs by enabling the company to sell short-term loans to small businesses throughout the United States.

Investors are instructed to wire money to financial institutions in Eastern Europe, including banks in the Czech Republic.

Several states are investigating Profitable Sunrise. North Carolina has issued a cease-and-desist order.

Officials say investors should always scrutinize any investment opportunity that comes from a foreign country or seems too good to be true.

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