ComCom secures conviction against promoter who claimed they'd be 'one of the biggest scammers in NZ
The Commerce Commission is warning consumers about the risks and increasing sophistication of pyramid schemes, following the conviction of the lead New Zealand promoter of one of the biggest pyramid schemes the Commission has seen promoted in New Zealand. The pyramid scheme in question, ‘Lion’s Share’, was responsible for approximately 150,000 participants worldwide losing a total of almost $NZD17 million.
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