New clampdown on 'pyramid' schemes

The Government will unveil new regulations today designed to stamp out “pyramid” scams.

New clampdown on 'pyramid' schemes
Thu, 24 Aug, 2006 - 07:53

The Government will unveil new regulations today designed to stamp out “pyramid” scams.

A loophole in the existing law has allowed the schemes to continue operating unhampered, with investors losing massive sums of money.

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