Pyramid scheme
National Consumer Commission to ‘move fast’ in probing grocery pyramid scheme
The National Prosecuting Authority has confirmed that there have been criminal prosecutions in relation to the scheme.
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Does it sound too good to be true? 7 signs that it's a dodgy get-rich-quick scam
Consumers have been warned to look out for a rise in Ponzi and pyramid schemes as South Africa faces worsening economic conditions.
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Crowd1: All revenue comes from product sales
There are concerns that Crowd1's business model mirrors that of a pyramid scheme, where money has to be sent up the chain in order to sustain it.
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Desperate S. Africans lured into investing in Crowd1 despite probe, warnings
Crowd1 has been touted as the next generation marketing network but there are warnings that it’s nothing more than a get rich quick scheme that is bound to leave many in debt and tears.
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China jails boss of 100 billion yuan pyramid scheme for inciting protests
Zhang Tianming and nine other staff from his company, Shenzhen-based Shan Xin Hui, were found guilty in a hearing of running a multi-level marketing company.
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State prosecutor among 5 arrested for 'pyramid scheme'
It is alleged between 2009 and 2014 the suspects used bogus investment entities to recruit members of the public into joining their elaborate investment schemes.
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MMM Scheme: Risks of Ponzi and pyramid schemes
Wouter Fourie from the Financial Planning Institute says investors might feel the brunt of the pyramid scheme in the next 2-3 months. He chats to Bruce Whitfield about his prediction.
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Police investigate several suspected pyramid schemes
The commission said a report into nine suspected pyramid schemes will be released on Monday.
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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.
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Lack of investing knowledge leaves consumers vulnerable
The National Consumer Council is probing 9 questionable investment schemes following complaints from SARS.
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CARTOON: Govt. Pyramid Scheme
CARTOON: Govt. Pyramid Scheme
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Brown feels 'vindicated'
Former Fidentia boss J Arthur Brown has welcomed his guilty verdict.
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Gauteng, KZN pyramid scheme hotbeds
The Reserve Bank said Gauteng and KwaZulu-Natal are the hardest hit provinces
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Reserve Bank warns against scammers
The Reserve Bank says a lot of money is lost to scammers through pyramid schemes.
