IBJNews

Indiana officials warn investors about British firm

Back to TopCommentsE-mailPrint

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.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
ADVERTISEMENT