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CCA Goes After Pyramid Schemes

Tuesday, July 27, 2021 | 60 Views |

The Competition and Consumer Authority is currently investigating several cases that are the principal avenue that pyramid schemes promoters use to advertise their so-called 'business opportunity' such as WhatsApp Gifting, Mufhiwa and others.

Pyramid schemes and other forms of deceptive schemes such as multiplication and chain letter schemes are on the increase in Botswana.

Every day on social media platforms there is an invitation to consumers to participate in an arrangement that resembles a pyramid scheme in open contravention of the Consumer Protection Act of 2018, which prohibits participation in a pyramid and related schemes.

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CCA Goes After Pyramid Schemes

The Competition and Consumer Authority is currently investigating several cases that are the principal avenue that pyramid schemes promoters use to advertise their so-called 'business opportunity' such as WhatsApp Gifting, Mufhiwa and others.