From BitConnect to Beurax, EminiFX, the Florida trucking Ponzi, and now LSSC, Haitian communities have been gutted by fraudulent schemes. This time, the stakes are higher, the deception more sophisticated, and the potential losses catastrophic. It’s time to break the curse before it’s too late.
Economy & Justice | The Haitian Pulse Investigative Team | July 2025
For years, Haitians at home and across the diaspora have been relentlessly targeted by financial traps disguised as opportunities. These scams come wrapped in modern clothes—crypto platforms, trucking companies, scooter-sharing apps—and they all share one goal: to lure hard-working Haitians into handing over their life savings in the hope of multiplying them overnight. One by one, they collapse, leaving families devastated, yet the cycle continues.
“This isn’t just about money anymore,” said Marie Laurent, a Haitian economist based in Montreal. “It’s about a cycle of exploitation that keeps stripping wealth from an already vulnerable community. And the worst part? Many of these scams are enabled by people we trust the most.”
This is not a coincidence. It’s a deliberate assault on our people’s financial future—and the latest predator in this pattern is LSSC.
BitConnect: The First Earthquake
BitConnect was the first blow. Launched in 2016, the crypto platform promised astronomical daily returns through a secret trading algorithm. Haitians, like many others worldwide, poured millions into the scheme, reassured by its professional website, relentless social media marketing, and so-called testimonials of early success.
“I thought I had finally found a way out of poverty,” recalled Jean-Pierre Augustin, a Haitian immigrant in Miami who lost over $15,000. “They made it look so real, so easy. But it was all lies.”
By early 2018, BitConnect imploded in spectacular fashion, wiping out $3 billion in investor funds. Thousands of Haitian families watched their savings evaporate.
Beurax: Same Poison, New Bottle
Not long after, Beurax appeared, an Australia-based operation with the same poison in a new bottle. Beurax posed as a high-tech crypto and forex trading platform, dangling promises of up to 1.4% daily returns. Its operators claimed they were licensed by Australian regulators, even showcasing fake certificates on their website.
“The moment you see daily returns over 1%, run,” warned David Rousseau, a financial crime investigator in Quebec. “That’s not investing. That’s redistribution from one victim to another. The clock is ticking on when the whole thing collapses.”
From late 2020 to early 2021, Beurax targeted WhatsApp networks and Haitian church circles in the United States. By the time Australian regulators exposed the fraud and Beurax shut down its site, it was too late. Millions had vanished.
EminiFX: Betrayal From Within
Haitians barely had time to recover before EminiFX swept through the diaspora like wildfire. Founded by Haitian-born Eddy Alexandre, EminiFX promised investors weekly returns of up to 9% through sophisticated foreign exchange and crypto trading bots. The pitch seemed tailor-made for the Haitian community, and people responded with trust.
“This one hurt more because it came from one of our own,” said Nadine Florvil, a Haitian-American nurse who lost $8,000 in EminiFX. “It wasn’t just the money. It broke the trust we had in each other.”
Over more than 60,000 investors—many of them Haitians—joined, pouring in a staggering $248 million. But it was all smoke and mirrors. In 2022, U.S. federal authorities arrested Alexandre and exposed EminiFX as one of the largest affinity frauds in Haitian-American history.
The Florida Trucking Ponzi: Dreams Turned to Dust
As if that weren’t enough, the Florida trucking Ponzi emerged. Marketed as a way to invest in commercial trucking and logistics, this scheme promised Haitians ownership stakes in trucks and a share of rental profits. In reality, the company was hemorrhaging cash. Investors were paid not from real profits, but from the deposits of new victims.
“They promised us trucks. They gave us tears,” said Pierre Toussaint, a retiree from Fort Lauderdale who lost his life savings. “Now my children are the ones supporting me. It’s humiliating.”
By 2023, the U.S. Securities and Exchange Commission intervened, charging the scheme’s mastermind with defrauding over $100 million from mostly Haitian-American investors.
LSSC: The Biggest Lie Yet
And now comes LSSC, the latest predator targeting Haitian wallets. Launched just months ago, LSSC claims to be a global scooter rental company, allowing investors to purchase “packages” that supposedly fund fleets of electric scooters deployed worldwide. Over the span of just a few months, LSSC has amassed upwards of 5 million subscribers worldwide, many of them Haitians desperate to find financial freedom.
“This one feels different because of how sophisticated it is,” explained Claude Jean-Louis, a tech analyst. “But when you look closer, the entire business model is smoke and mirrors. It’s mathematically impossible.”
The pitch is dangerously seductive: buy a package, press a button on their app, and watch your scooters go out on rentals every single day, generating passive income in real time. For each package level, they promise an increasing number of scooters, with higher tiers guaranteeing astronomical daily earnings.
The “Button Press” Illusion
The “button press” feature at the heart of LSSC’s app is nothing more than a clever trick to make investors feel in control. Every day, users are instructed to log in and press a button labeled “Deploy Scooters.” Once pressed, animations show scooters zipping off into imaginary cities, and the app credits your account with rental income.
But here’s the hard truth: this is not how real businesses work.
“In reality, renting scooters depends on actual people scanning, unlocking, and riding physical scooters,” said Lisa Brodeur, a former executive at a legitimate scooter rental company. “You can’t generate millions of dollars a day just because people press a button on their phones.”
Logistical Absurdity and Fake SEC Licensing
LSSC claims that each package level comes with a fixed number of scooters generating guaranteed daily income. If even 10% of their reported 5 million members bought mid-tier or premium packages, LSSC would need tens of millions of scooters deployed across the globe.
“Bird and Lime, the largest scooter companies in the world, have struggled for years just to operate a fraction of that scale,” Brodeur continued. “And they raised hundreds of millions in venture capital to do it. For LSSC to claim they’re managing millions of scooters in a few months is pure fantasy.”
To make matters worse, LSSC boldly claims it is licensed in the U.S. and regulated by the Securities and Exchange Commission (SEC). This is not only false—it is impossible. The SEC does not “license” businesses like LSSC. Instead, it regulates securities offerings and enforces laws against fraud. When companies make this claim, it is a red flag that they are trying to create fake legitimacy.
“It’s only a matter of time before U.S. authorities step in,” warned David Rousseau, a financial crime investigator in Quebec. “And when they do, expect the FBI to start knocking on doors. We’ve seen it happen before.”
When the FBI launched its investigation into EminiFX, dozens of top promoters were dragged into court alongside founder Eddy Alexandre. Many faced prison time and were forced to pay restitution to victims for the millions they helped steal. Similarly, BitConnect’s collapse led to the arrest and indictment of its promoters across multiple countries, with some facing decades behind bars for wire fraud and securities violations.
LSSC’s structure is no different. Its “leaders” who have been aggressively recruiting investors could soon find themselves in handcuffs—facing charges not just for participating in the scheme but for actively spreading it.
“The people at the top always think they’re untouchable,” said Marie Laurent, a Haitian economist. “But when the U.S. government moves in, even they can’t buy their way out.”
For those still promoting LSSC, the warning is clear: when the collapse comes, you may not just lose your money—you could lose your freedom.
A Call for Change
Haitians must understand that these so-called opportunities are not designed to build wealth—they are designed to transfer wealth from our community into the pockets of a few shadowy operators. Every time we invest in these schemes, we are not just risking our money; we are enabling the exploitation of our people.
“We have to stop believing wealth comes from shortcuts,” said Father Michel André, a Port-au-Prince priest who speaks often on economic justice. “True wealth comes from work, discipline, and building institutions—not chasing the next scam.”
At The Haitian Pulse, we refuse to stay silent as this plague of financial fraud destroys lives. We pledge to investigate every company, expose every lie, and arm Haitians with the knowledge to protect themselves.
Haitians deserve better than empty promises and broken dreams. We deserve truth. We deserve justice. And it starts with saying no to the lies, no to the scammers, and no to the culture of easy money that has enslaved us for too long.
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