Financial scammers elude the law- experts

Friday, June 12, 2015

Consumer Watchdog Botswana has accused government for failing to protect consumers against financial scams such as pyramid schemes and multi level marketing.

Speaking at a breakfast seminar hosted by the Association of Botswana Financial Advisers (ABFA), Richard Harriman of Consumer Watchdog said without proper laws in the country, consumers continue to be exposed to fraudsters on the prowl.

Harriman said that many gullible Batswana are being hoodwinked into joining scams that promise them high returns while in actual fact they are fraudulent schemes.

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