Financial scammers elude the law- experts

Fern
Fern

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.

Editor's Comment
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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