Reports of people participating in another illegal pyramid scheme/gifting circle
The Commitment Circle is believed to have originated in New Zealand
The scheme has targeted people in remote Indigenous communities in Australia
People who take part in gifting circles are being warned by Consumer Protection that they could be breaking the law and could face prosecution following reports of another illegal pyramid scheme being promoted in Australia and New Zealand.
The latest pyramid scheme to be uncovered The Commitment Circle, also known as Foundation Gifting and 63K Masterminds, appears to originate in New Zealand where authorities have been notified.