Pyramid schemes: If it sounds too good to be true, that's because it is

If you are invited to invest money and can only recoup it by recruiting others to do the same, it's a scam

The Competition and Consumer Protection Commission (CCPC) is warning consumers not to engage with a possible pyramid scheme on social media.

Consumers have contacted the CCPC, saying that they’ve been invited to take part in what they suspect is a pyramid scheme. Social media posts encourage them to make an initial investment of €150 and then to recruit others.