Participation In A Pyramid Scheme And Related Schemes Is An Offence
Monday, July 13, 2020
Even without anyone lodging a complaint with the CCA about these schemes, the Authority has proactively opened an investigation to look into these schemes to determine how they affect the welfare of consumers in Botswana and most importantly how they contravene the Consumers Protection Act.
While the CCA’s investigation is on-going, initial observations indicate that these mushrooming schemes are hinged upon recruitment of members, payment of a joining fee. At face value, this would resemble a Pyramid Scheme arrangement.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...