Search results for "Pyramid"
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Pyramid schemes
A pyramid scheme can take many forms, but has the following essential elements:. ... of the pyramid and will not achieve the promised return on their 'investment'.
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Commerce Commission cracks pyramid selling scheme
30 May 2014 - in the Auckland District Court for promoting the Fastrack90 pyramid scheme, in breach of the Fair Trading Act. ... This was a pyramid scheme, as the only way members could make money was by recruiting new… -
Pyramid selling warning
12 Mar 1997 - The key difference is that multi-level marketing relies on selling products, while pyramid selling relies on introducing more and more people into the scheme. ... There just aren't enough people to keep a… -
Together, let’s fight scams like pyramid schemes
17 Nov 2021 - November). Pyramid schemes are a type of scam that can cause harm in our communities. ... Background. Pyramid schemes. Pyramid schemes are illegal under the Fair Trading Act 1986. -
SkyBiz pyramid scheme victims repaid today
22 May 2007 - Background. SkyBiz Pyramid Scheme. In May 2001, the Federal Trade Commission filed suit in U.S. ... According to the Commission, the plan was a classic pyramid scheme, promoted by fraudulent earnings claims. -
Lisa Morton convicted of pyramid selling
6 May 1999 - Lisa Morton convicted of pyramid selling. Judge Adeane convicted Lisa Morton in the Napier District Court this afternoon on two charges laid under section 24 of the Fair Trading Act 1986 ... for promoting two… -
Commission steps up action against pyramid selling
18 Apr 1999 - Last year the Commission started court action against an alleged pyramid scheme, Joker 88. ... The Commission's free booklet, Pyramid Selling, aims to help people identify pyramid schemes. -
Pyramid scheme to refund members $300,000
12 Feb 2003 - deeming the scheme to be pyramid selling in breach of section 24 of the Fair Trading Act. ... The Commission is currently taking action against another alleged pyramid scheme, Infinity Concierge NZ Limited, and… -
Commission seizes gemstones linked to pyramid scheme
31 Aug 1999 - The Commission is to ask the Court for:. a final declaration that Maximus was a pyramid scheme;. ... All. pyramid selling schemes are illegal in New Zealand. They are prohibited by section 24 of the Fair Trading Act. -
Black Magic pyramid selling penalties total $29,000
29 Aug 1997 - All pyramid selling schemes are illegal in New Zealand. They are prohibited by the Fair Trading Act. ... Anyone considering getting involved in a pyramid selling scheme should consider these cases very…