A 13-YEAR-OLD FLORIDA BOY LOST HIS LIFE INSIDE OF A TUBE SLIDE AT A PLAYGROUND, LEAVING BEHIND A SHOCKED AND GRIEF-STRICKEN FAMILY.(PHOTO).

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 A 13-year-old Florida boy lost his life inside of a tube slide at a playground, leaving behind a shocked and grief-stricken family. The heartbreaking discovery was made when a father took his two children to Shenandoah Park in Miami on September 25th to work out some energy.  What they discovered when trying to use the tube slide may keep these young children from ever playing in an enclosed slide again. 13-year-old Olvin Ballladares was inside of the slide ...and unresponsive.  According to reports, Olvin had gone to the park that morning instead of school. While at the park, Olvin had attempted to slide down the tube slide. While traveling down the slide, Olvin's shirt became caught on a screw and pulled tight around his neck, cutting off his supply to oxygen.  From the way that he was discovered, it appears Olvin had realized what was happening and tried to free himself but was unable. One arm was trapped fully behind his back.  Olvin remained in that positi...
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BANK OF ZAMBIA EXPRESSED CONCERN OVER IT'S CITIZEN'S PARTICIPATION IN FRAUDULENT FINANCIAL SCHEMES. (PHOTO). #PRESS RELEASE.

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 The Bank of Zambia has expressed concern over the continued participation of members of the public in fraudulent financial schemes worries Bank of Zambia


BOZ Assistant Director Communications Besnat Mwanza says the schemes typically promote investment options that promise abnormally high returns.

READ PRESS RELEASE BELOW:

Bank of Zambia


PRESS STATEMENT


WARNING AGAINST MONEY CIRCULATION SCHEMES


The Bank of Zambia has observed, with concern, the continued participation of members of the public in fraudulent financial schemes. The schemes typically promote investment options. that promise abnormally high returns. Countless citizens continue to lose their hard-earned money to such schemes.


The Rank reiterates that any person who conducts or participates in a money circulation scheme or issues a notice, circular, prospectus, proposal or other document inviting the public to subscribe to a money circulation scheme commits an offence. Promoting such schemes contravenes, among others, Section 157 of the Banking and Financial Services Act which states that, "a person who conducts or participates in a money circulation scheme commits an offence and shall be liable to prosecution."


Members of the public are, therefore, encouraged to be on the look-out and report any suspicious financial institutions to law enforcement agencies. They are particularly encouraged to only deal with licensed financial service providers when making investments. This is the first step in safeguarding one's money.


Unlicensed institutions perpetrating fraudulent financial services and products and members of the public participating in such schemes are warned that they do so at the risk of prosecution.


The following are the institutions licensed by the Bank of Zambia:


Commercial Banks


Non-Bank Financial Institutions


Payment System Institutions


Issued by


An


Besnat Mwanza


Assistant Director-Communications


May 23, 2024

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