The Central Bank of the Republic of Somaliland has issued a strong public alert, declaring the online investment program Alpha Planet Bridge an illegal Ponzi/pyramid scheme and warning citizens against any involvement.
In an official statement released on Thursday 25th December 2025, the Central Bank confirmed that preliminary investigations revealed the scheme has been unlawfully collecting funds from the public in Somaliland and several neighboring countries without any license or regulatory approval.
The fraudulent operation, which promoted high and rapid returns on investments, has been using the website https://alpha-planet-bridge.com to lure participants with promises of guaranteed profits.
According to the Central Bank, Alpha Planet Bridge operates as a classic pyramid scheme, relying on recruiting new members to pay earlier investors— a model explicitly prohibited under Article 97, Paragraph 1 of the Central Bank of Somaliland Law No. 54/2012.
Key Actions Taken by Authorities:
- In collaboration with Somaliland Police, all individuals allegedly leading the scheme have been arrested. The Criminal Investigation Department (CID) is currently conducting a full investigation.
- All financial accounts linked to the program or its operators—held in banks and mobile money services—have been frozen to protect public funds.
Public Warning and Advice:
The Central Bank strongly cautioned the public against transferring money, assets, or personal information to Alpha Planet Bridge or anyone associated with it. Citizens are also urged not to promote, advertise, or recruit others into the scheme.
The Bank highlighted several red flags to watch for:
- Promises of fixed or quick profits.
- Systems based on recruiting new participants.
- Claims of international business operations without verifiable evidence.
The Central Bank further encouraged anyone who has invested in the scheme, been invited to join, or has any information about it to report immediately.
Important Reminder:
The Central Bank emphasized that individuals who invest in such unregulated schemes bear full responsibility for any financial losses incurred.
The institution reiterated its unwavering commitment to protecting citizens’ savings, maintaining confidence in the national financial system, and preventing future fraudulent activities.
Officials urged the public to remain vigilant and to rely only on licensed and regulated financial institutions for investments.