Imagine a global electric scooter rental empire where you invest and earn daily returns. That’s the promise behind the Andes Shared Scooter Company (ASSC). It sounds like a smart, green-business opportunity, but for many, it’s turned into a financial nightmare. In this article we uncover whether ASSC is a legitimate venture or a cleverly disguised scam, equipping you with the knowledge to protect yourself.
Scam Overview
ASSC markets itself as part of a clean-energy revolution in micromobility. According to promotional materials, you can invest in their global scooter fleet, supposedly operating in cities like London, New York, Peru, and Australia—and earn passive daily profits. In reality, there’s no tangible evidence of scooters, operations, or real customers. The flashy dashboards and “earnings” are all smoke and mirrors.
Reddit and scam-tracker communities reveal deeper layers. Users report that ASSC is just the latest rebranding of a defunct scam series including Andes Mobility, LSSC, SELEAD, and LTEC—all offering the same fake scooter rental investment model.
BBB Scam Tracker flagged the preceding iteration like Lightning Shared Scooter Co. (LSSC), for operating as a Ponzi-like scheme with multiple red flags:
- No presence on app stores, suspicious app downloads.
- Frequently changing domains.
- Heavy emphasis on recruitment rather than legitimate business operations.
- No transparency regarding leadership, licensing, or verifiable company registration.
Canadian securities regulators have issued investor alerts about LSSC, warning that they are under investigation for potentially being a Ponzi scheme.
A cybersecurity expert warns the pattern reflects known scams like CBEX and Pulse Glide—again promising high returns with little proof of real activity.
Reddit users offer personal accounts that reinforce how the scam evolves through rebranding:
“Andes Mobility, SELEAD, LSSC, and LTEC are all the same scam — fake scooter rentals and fake returns to steal your money”
Another user shares:
“There’s no scooters to rent at a ‘scooter rental company,’ heavy tier upgrades, heavy recruitment… recruiting is a huge part of their model.”
How The Scam Works
1. Intriguing Invite & Investment Lure
Enthusiastic marketers share social media posts or Telegram invites: “Invest in the green scooter movement. Earn daily.” Folks are enticed by the eco‑friendly narrative and promise of easy passive income.
2. Sign-Up & Tier Purchase
You register using an invite code and are prompted to “invest” in scooter packages or membership tiers—often via cryptocurrency like USDT or USDC. The “investment” supposedly buys you scooters that will be rented out to generate returns.
3. Display of Fake Dashboard & Earnings
After payment you’re granted access to a sleek dashboard showing impressive daily earnings tied to your “rented” scooters. Screenshots from ASSC review videos show atmosphere of legitimacy with daily income, driving distances, etc.
4. Withdrawal Tests & Small Payouts
To build trust, early users or tier‑upgraded members may receive small initial withdrawals—meant to lure more people deeper into the scheme.
5. Heavy Recruitment Emphasis
You’re incentivized with referral bonuses and rank upgrades. The more recruits you bring, the higher your tier and earnings. This shifts the revenue structure to resemble a pyramid more than legitimate rental returns.
6. Identity Shifting & Rebranding
As scam versions collapse or get flagged, operators launch fresh facades—Andes Shared Scooter Company, Andes Mobility, SELEAD, LSSC, LTEC—each iteration revises names but uses the same template.(Reddit)
7. Deposit Freeze & Withdrawal Blocks
Eventually, withdrawals stall. Excuses surface (“system peak,” “verification,” “technical delays”), but funds vanish as new investment dries up. It’s a classic Ponzi trigger: when the inflow slows, collapse begins.
8. Scam Exposed & Communities Speak Up
Victims begin warning others on Reddit, BBB, and finance forums. Scams get flagged with alerts and victim advice flows in.
9. Scam Wrapper Destroyed, New Shell Appears
Domains vanish. Videos and channels are scrubbed. In their place: fresh branding, new invite codes—the shell continues.
What to Do If You Have Fallen Victim to ASSC Scam
If you—or someone you know—have already fallen into the ASSC trap, take immediate action:
- Cut Further Payments
Stop all deposits or tier upgrades. Additional money only deepens loss. - Gather & Save Evidence
Collect screenshots, transaction IDs, referral messages, withdrawal screenshot attempts—especially crypto wallet addresses and payment history. - Report to Local Authorities
File a report with your local police. In the U.S., submit reports to the FBI’s IC3 (Internet Crime Complaint Center) - Submit Alerts to Regulatory Bodies
Contact Better Business Bureau Scam Tracker, SEC, or your nation’s consumer protection agencies. - Notify Crypto Exchanges or Wallet Providers
If you used crypto (e.g. Coinbase), notify the exchange about potential fraud and request freezing of related accounts, if feasible. - Warn Others Online
Use Reddit r/Scams, r/antiMLM, or regional consumer forums to share your experience. Your warning can prevent others from losing money. - Consult Legal or Financial Advisors
If the amounts are significant, a legal consultant might analyze the feasibility of civil claims or gathering financial restitution. - Find Support Networks
Emotional and peer support can be vital. Scam forums and victim groups can help you regain confidence and clarity.
The Bottom Line
Andes Shared Scooter Company, also known as ASSC, is not a legitimate scooter rental investment opportunity. It reflects the structure of a Ponzi or pyramid‑style scam, hiding behind eco‑friendly branding while delivering no real service, transparency, or sustainable profits. Do not trust slick dashboards, invite‑only access, or promises of daily returns. If you’ve already invested, act quickly to preserve evidence, report the scheme, and reduce further damage. In the world of online investments, if it seems too good to be true, it almost always is.
Frequently Asked Questions About the Andes Shared Scooter Company Scam
What is Andes Shared Scooter Company (ASSC)?
The Andes Shared Scooter Company (ASSC) claims to be a global electric scooter rental business that allows investors to earn daily profits from scooter usage. However, there is no evidence that the company operates a real scooter fleet. It is widely considered a rebranded investment scam.
Is ASSC a legitimate scooter rental business?
No, ASSC is not a legitimate scooter rental business. There is no verifiable presence of its scooters in any major city it claims to operate in. There is no app, no GPS tracking, and no physical proof of scooter rentals. Reviews and investigations point to it being a scam.
How does the ASSC scam work?
ASSC operates by convincing users to invest money into “virtual scooters” and then shows fake returns on a dashboard. Investors are encouraged to recruit others to earn more, turning the scheme into a referral-based pyramid structure. Eventually, withdrawals are delayed or blocked, and the operators vanish.
What are the warning signs of the ASSC scam?
- No real scooters or physical assets
- No app on any app store
- Unverifiable business operations
- Overemphasis on recruitment and referrals
- Fake dashboards showing earnings
- Use of cryptocurrency only
- Repeated rebranding under different names like LSSC, SELEAD, LTEC
Is ASSC connected to other scams?
Yes, ASSC is believed to be a rebranded version of previous scams including LSSC (Lightning Shared Scooter Company), SELEAD, LTEC, and Andes Mobility. All these platforms share the same business model: fake scooter rental investments and pyramid-style earnings.
Can I recover money lost to the ASSC scam?
Recovering funds from a scam like ASSC can be difficult, especially if payments were made via cryptocurrency. However, victims should:
- Report the scam to authorities
- Collect all transaction records and screenshots
- Contact their bank or crypto exchange
- Submit complaints to the Better Business Bureau and consumer protection agencies
- Join scam awareness communities for guidance
How do I report the Andes Shared Scooter Company scam?
You can report the ASSC scam to:
- FBI Internet Crime Complaint Center (IC3.gov)
- Better Business Bureau Scam Tracker
- Securities and Exchange Commission (SEC)
- Your local law enforcement or consumer protection agency
- Your national or regional securities regulator
Is there an official website for ASSC?
ASSC has used domains such as andes.ink and andes.today, but these often change or go offline once the scam is exposed. Fake dashboards and limited access platforms are designed to look legitimate while hiding the real intent.
Why do people fall for the ASSC scam?
People fall for scams like ASSC because of:
- Promises of passive daily income
- Eco-friendly and tech-forward branding
- Slick website designs and fake dashboards
- Initial small withdrawals that build trust
- Pressure to upgrade tiers and recruit friends
- Lack of clear information about company ownership
How can I avoid scams like ASSC in the future?
To avoid similar scams, always:
- Research the company thoroughly
- Look for independent reviews and reports
- Verify the existence of physical products or services
- Avoid platforms that rely heavily on referrals
- Be skeptical of high, guaranteed returns
- Check with financial regulatory bodies before investing
Are electric scooter investments ever legitimate?
Yes, there are real companies in the micromobility space, such as Lime and Bird. However, these businesses do not offer investment opportunities to the public that promise daily returns. Always distinguish between public companies and anonymous platforms with unverifiable claims.
