Consumer Council cautions on potential pyramid scheme

Consumer Council cautions on potential pyramid scheme

By Rashika Kumar
Saturday 10/06/2023
Consumer Council of Fiji CEO Seema Shandil

Consumers are reminded to be vigilant and tread carefully when engaging with traders or individuals on social media platforms advertising alluring ways to earn money while barely disclosing any information about the scheme.

This reminder comes as the Consumer Council of Fiji is investigating reports that consumers are being lured by a possible scheme which is mimicking the hallmarks of a pyramid-recruitment scheme.

They say masquerading as a quick, high-return opportunity in the form of recruitment for renowned international trading website, the alleged scam entices people to join as an intern in a 5-tier scheme and earn an increased amount of commission at each level.

They say the operator, who has a physical store in Market Road, Nadi, advertises that people can join his company, initially as an intern and process 5 orders per day but no other material information is made available to the recruits.

The Council says for processing these orders, consumers are paid a commission in addition to the annual commission.

They say apart from internship, consumers are offered to move to the next tier which requires an upfront payment and the process continues to level 5; with increased payment required for each level.

CEO Seema Shandil says while the investigations are still in the preliminary stages, the Council is proactively issuing an alert to the general public so that they may ask the right questions and not fall victim to any potential scams.

She says their consumer tip-off led investigation is revealing that the trader in question is a registered business in Fiji however, when questioned, fails to reveal the specifics of its business operations such as why are the recruits required to pay a lump-sum payment, what is the recruits exact role and the modus operandi of the business.

Shandil says these can be potential red flags of a scam especially as recruits are required to pay a deposit.

The Council says they are also reassuring consumers that the name of the business orchestrating this alleged scheme will be released soon.

They say they are committed to equipping individuals with the knowledge and skills necessary to navigate complex scams which are rearing everyday.

The Council adds such scams prey on people's desire for quick wealth, and by raising awareness, they aim to protect consumers from falling victim to these deceptive practices.

FEATURE NEWS
Young man commits suicide in Nasese, please seek help if you are facing challenges
Suicide remains a silent killer in our country as cases of concern continue to emerge this year where people are resorting to end their lives. In t...
12 hours ago
LATEST NEWS
Nursing Association President Doctor Vudiniabola to appear on fijivillage Straight Talk With Vijay Narayan at 8 tonight
Fiji Nursing Association President, Doctor Adi Alisi Vudiniabola will appear on fijivillage Straight Talk With Vijay Narayan at 8 tonight. Adi ...
2 hours ago

Coca-Cola Games torch ends tour at CMF College, Basden College, AOG High School and International School Suva
It was an exciting morning for the students of CMF College, Basden College, Assembly of God High School and International School Suva after the ...
11 hours ago

Single mother graduates with honours despite financial struggles faced for the past 5 years
Salote Taukeisalili was full of joy as all her hard work paid off after she graduated with a Bachelor of Arts and Graduate Certificate in Education ...
12 hours ago

Dogs to be based at the Coke Games to ensure safety of athletes and students - Tikoduadua
Proactive steps are being taken by Police and government to ensure the safety of students and athletes during the Coca-Cola Games next week as the ...
12 hours ago

Naviyago village headman’s wife calls for suicide awareness after son’s death and other attempted cases
The wife of the village headman of Naviyago in Lautoka, Laite Kuruilase has called on people to speak out and share their problems with someone they ...
12 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
SODELPA Management Board instructs Gavoka to hand over Education portfolio to Radrodro
The SODELPA Management Board has now asked SODELPA’s Parliamentary Leader and Deputy Prime Minister, Viliame Gavoka to relinquish his Education ...
1 hour ago

Bainimarama and Qiliho's Acquittal Appeal
Coverage on the appeal filed by Acting Director of Public Prosecutions, John Rabuku against the acquittal of the former Prime Minister Voreqe ...
21 days ago

National Program Manager for Fiji 7s, Gareth Baber appears on fijivillage Straight Talk With Vijay Narayan
Gareth Baber appeared on fijivillage Straight Talk With Vijay Narayan to share his plans heading into the preparations for the upcoming tournaments ...
22 days ago

TOP