Too good to be true: Pyramid schemes doing the rounds

With a number of fraudulent schemes being investigated, the consumer advice is to always be on your guard

If it seems too good to be true, then it probably is.

The Competition and Consumer Protection Commission (CCPC) announced last week that it had carried out searches of two properties in Donegal as part of an investigation into a potential pyramid scheme in the health and wellness sector.

Pyramid schemes are fraudulent marketing and investment arrangements in which you’re offered an opportunity to market a particular product. You know it’s a pyramid scheme when the profit comes not through the sale of anything but through the recruitment of others into the scheme.