25 Jan 2021

Call for more action over pyramid schemes

From Afternoons with Jesse Mulligan, 1:35 pm on 25 January 2021

A not-for-profit group is calling for the Commerce Comission to get tougher on those promoting pyramid schemes in Aotearoa.

That comes after the Commission issued a 'Stop Now' letter to Shelly Cullen, a promoter of Lion's Share - a suspected pyramid scheme.

The Commission says that investigation is ongoing.

The general manager of Ngā Tāngata Microfinance, Natalie Vincent, speaks to Jesse about her concerns over pyramid schemes.

Golden coin stacks, cryptocurrency.

Photo: 123RF

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