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NCC's probe into suspected Ponzi schemes gets public support

The preliminary investigations were launched in September after the commission received a tip-off from Sars.

Money. Picture: EWN.

CAPE TOWN - The National Consumer Commission (NCC) said it has received immense support from the public in its preliminary investigations into nine businesses suspected of running pyramid or Ponzi schemes.

The South African Revenue Service (Sars) requested them to launch the probe.

The National Consumer Commission's Trevor Hattingh said members of the public have come forward with useful information to help in the investigations.

The preliminary investigations were launched in September after the commission received a tip-off from Sars.

Eyewitness News investigated several of the businesses, including World Ventures who claim to sell travel packages to people who decide to invest in the business.

The company has denied claims that it's a pyramid scheme and has welcomed the probe by the NCC.

Hattingh said he cannot divulge when the investigations will be complete, for strategic reasons.