Beware of unregulated investments
Desperate investors are still trusting sophisticated investment fraudsters and losing their hard-earned savings to illegal unregulated investments.
Desperate investors are still trusting sophisticated investment fraudsters and losing their hard-earned savings to illegal unregulated investments.
Beware before you start earning extra income: are you selling into a pyramid scheme or are you a multilevel marketing agent? You could be taking in money illegally.
Mike McDougall, CEO of the Actuarial Society of South Africa, was motivated to do some number crunching to show in simple, yet no uncertain terms, why ponzi schemes are destined to fail.
If MMM Global SA is a stokvel and not a pyramid scheme, then it needs to be a member of the National Stokvel Association of South Africa, says National Consumer Commission Trevor Hattingh.