The Alberta Securities Commission is warning about an investment scheme that is making the rounds in Calgary.

The high-yield investment scam is being offered through an offshore company called Profitable Sunrise.

The company uses a promotional website to offer investors plans to earn daily interest of 1.6 and 2.7 percent through short-term loans to businesses.

This scheme came to light when First Calgary Financial noticed several of its customers had withdrawn large amounts from their bank accounts and then requested wires to the Czech Republic.

“It was the trend that got our attention because we saw a number of them all at once but our staff are trained on the front line. We do a fair amount of training actually for them to indentify anything that appears to be suspicious, especially when we have members coming in requesting wires or requesting large drafts," said Debbie Pratt, VP First Calgary Financial.

The ASC investigated and found that Profitable Sunrise and its agents are not registered to sell securities in Alberta.

The scam has surfaced across the border and North Carolina's securities commission has issued a Temporary Order to Cease and Desist against Profitable Sunrise.

The company and its principals appear to be located in the United Kingdom.