Tauranga Based Maximus Intermediaries News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Friday, 22 January 2021, 10:39 am
Ngā Tāngata Microfinance (NTM) is calling for tougher
penalties for those caught promoting pyramid schemes. Such
business models are illegal under the Fair Trading Act
1986.
This call comes after the Commerce Commission
issued a ‘stop now’ notice to a serial pyramid scheme
promoter undertaking the illegal activity via social media
channels in New Zealand.
The Commission is currently
investigating what is known as ‘the
Lion’s Share scheme’ and warning people against
joining the scheme or buying into it while the investigation
takes place.
The pyramid model is a ‘theft’
model says Dr M. Claire Dale, founder and chair of Nga ....

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