Light Energy Development is not a legitimate registered corporation but an anonymous online operation that runs investment scams through various websites and mobile applications. The platform entices users to "invest" in or "rent" virtual products like solar panels and portable power banks, promising unsustainably high daily returns. The business model exhibits the classic characteristics of a Ponzi scheme, using funds from new investors to pay earlier ones and heavily promoting recruitment through a multi-level marketing-style referral system. These platforms are designed to operate for a short period before collapsing, at which point they block user withdrawals and disappear with the invested capital.

Founded in

United States