from a distance! Pyramid Schemes How to spot A pure pyramid schemes is a scheme where participants receive compensation derived primarily from recruiting other people into the scheme. Monies exchange hands and participants make money by recruiting new participants into the scheme. [email protected] | www.thencc.gov.za WHAT TO DO WHEN YOU SUSPECT THAT AN INVESTMENT IS A PYRAMID SCHEME? • Verify the legitimacy of an investment broker before you invest by visiting https://www.fsca.co.za or calling the Financial Sector Conduct Authority on 0800 20 37 22. • Report these schemes to the National Consumer Commission on 012 428 7000 or visit their website: on www.ncc.gov.za. OR South African Reserve Bank (Bank Supervision Department contact details: 012 313-39110861 12 SARB (0861 12 7272) OR Tip oﬀ Reserve Bank: 0800 67 7772 E-Mail: [email protected] THESE SCHEMES ARE ILLEGAL AND IN THEIR NATURE NOT SUSTAINABLE AND ARE GUARANTEED TO COLLAPSE.

How to spot Pyramid Schemes - thencc.gov.za Scheme... · A pure pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others

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from a distance!Pyramid Schemes

How to spot

A pure pyramid schemes is a scheme where participants receive compensation derived primarily from recruiting other people into the scheme. Monies exchange hands and participants make money by recruiting new participants into the scheme.

[email protected] | www.thencc.gov.za

What to do When you suspect that an investment is a pyramid scheme?• Verifythelegitimacyofaninvestmentbrokerbefore

youinvestbyvisitinghttps://www.fsca.co.zaorcallingtheFinancialSectorConductAuthorityon0800203722.

• ReporttheseschemestotheNationalConsumerCommissionon0124287000orvisittheirwebsite:onwww.ncc.gov.za.OR

SouthAfricanReserveBank(BankSupervisionDepartmentcontactdetails:012313-3911086112SARB(0861127272)OR

TipoffReserveBank:0800677772 E-Mail:[email protected]

THESE SCHEMES ARE ILLEGAL AND IN THEIR NATURE NOT

SUSTAINABLE AND ARE GUARANTEED TO COLLAPSE.

HOW DO THESE SCHEMES WORK?

Page 2: How to spot Pyramid Schemes - thencc.gov.za Scheme... · A pure pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others

[email protected] | www.thencc.gov.za

What to do When you suspect that an investment is a pyramid scheme?• Verifythelegitimacyofaninvestmentbrokerbefore

youinvestbyvisitinghttps://www.fsca.co.zaorcallingtheFinancialSectorConductAuthorityon0800203722.

• ReporttheseschemestotheNationalConsumerCommissionon0124287000orvisittheirwebsite:onwww.ncc.gov.za.OR

SouthAfricanReserveBank(BankSupervisionDepartmentcontactdetails:012313-3911086112SARB(0861127272)OR

TipoffReserveBank:0800677772 E-Mail:[email protected]

HOW DO THESE SCHEMES WORK?

THESE SCHEMES ARE ILLEGAL AND IN THEIR NATURE NOT

SUSTAINABLE AND ARE GUARANTEED TO COLLAPSE.

from a distance!Pyramid Schemes

How to spot

YOURRIGHTTOFAIRTRADEANDHONESTDEALINGS

[email protected]

A pure pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services.

THESE SCHEMES ARE ILLEGAL AND IN THEIR NATURE NOT

SUSTAINABLE AND ARE GUARANTEED TO COLLAPSE.

from a distance!Pyramid Schemes

How to spot