What Is LSSC?
Lightning Shared Scooter Co. (LSSC) presents itself as a company in the shared scooter rental business. It offers users the opportunity to earn passive income by investing in electric scooters and referring others to do the same.
However, concerns have been raised by individuals online, including members of Somali communities in Canada and the U.S., about the legitimacy and sustainability of LSSC’s business model.
This article aims to share publicly available information to help community members make informed decisions.
Key Issues Raised by Observers and Online Sources
1. Focus on Recruitment
Multiple users have reported that LSSC encourages members to recruit others in exchange for bonuses. This type of model, while not illegal by itself, can raise questions when recruitment becomes the primary source of revenue rather than product or service usage.
2. Lack of Verifiable Business Details
Some reports highlight a lack of publicly available information regarding LSSC’s leadership, physical business location, and legal documents. As of this writing, the Canadian website lssc-canada.ca appears to be offline.
3. Unverified Licensing Claims
LSSC has reportedly claimed registration in Hong Kong and a U.S. MSB (Money Services Business) license. However, no official documents confirming these claims were found on the company’s website or third-party sources at the time of writing.
4. Comparisons to Previous Platforms
A few commentators have compared LSSC’s investment model to a past platform known as CBEX, which collapsed, leaving users unable to withdraw their funds. While LSSC and CBEX are not proven to be linked, the structural similarities have raised concerns among some users.
5. High Return Promises
Some promotional content, including videos shared on social media, claims high earnings, such as $9,945 from a $10,700 investment in just 30 days. Financial professionals often caution that such returns are rarely sustainable in legitimate business operations.
Community Reactions
In recent weeks, several Somali users across Canada and the U.S. have shared testimonials on social media stating that they have invested in LSSC and are encouraging others to join. Some claim they have already received the earnings that were promised when they signed up.
At the same time, many Somali community members and local groups have also begun sharing warnings online, urging people to exercise caution. These posts raise concerns about the platform’s structure, transparency, and long-term sustainability.
A community-based Facebook group, including one labelled “Edmonton, Alberta, Canada Business Site,” has posted public warnings asking people to be cautious and conduct thorough research before investing.
While some investors report early profits, others warn that this can be a strategy often employed in high-risk or unsustainable investment schemes, where early payouts are used to build trust and attract new members.
Regulatory Notice
On June 24, 2025, the Financial and Consumer Services Commission of New Brunswick issued a notice stating that LSSC is not registered to deal or advise in securities in that province. The warning listed multiple associated names, including:
- LSSC Canada Inc.
- LSSC Edmonton Ltd.
- LSSC Marketing Inc.
- LSSC Expansion #1 Ltd.
The Commission recommended checking registration status through the National Registration Search before making any investments.
What Can You Do?
- Research thoroughly before putting your money into any platform.
- Be cautious if you are being pressured to recruit others.
- Watch for red flags, like vague company details, missing legal pages, or broken websites.
- Seek advice from a licensed financial professional if you are unsure.
- Talk with others in your community before investing or promoting an opportunity.
Conclusion
This article is shared as a resource to encourage awareness and critical thinking. LSSC may be operating as it claims, but the concerns raised by community members, watchdogs, and social media observers necessitate proceeding with caution. Transparency, legal compliance, and a sustainable business model are essential for any trustworthy investment opportunity.
