n Personal Finance Newsletter - FSB warns of rise in pyramid schemes : investigations
|Article Title||FSB warns of rise in pyramid schemes : investigations|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Jun 2015|
The Financial Services Board (FSB) has warned consumers to be aware of the rise in pyramid schemes and other illegal investment 'opportunities' offered by entities posing as authorised financial services providers. "The increase in investigations highlights that these types of schemes are on the increase," commented Caroline da Silva, deputy executive officer for FAIS at the FSB. "Consumers therefore need to be vigilant of these types of offenses."
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