Members of the general public are actually being warned of a brand new potential rip-off much like final yr’s notorious EbayShop rip-off that resulted in appreciable losses to many Fijians.
The Fijian Competitors and Shopper Fee has now alerted folks of the brand new type of rip-off and it was monitoring a bunch known as the ‘Elite Society’, which is recruiting folks on social media, primarily Fb.
The FCCC is working carefully with the anti-scam taskforce, spearheaded by the Ministry of Commerce, Co[1]operatives, SMEs and Communications.
It states the scheme offered has lots of the markers of a ‘pyramid scheme’, particularly within the guise of multi-level advertising.
Deputy Prime Minister and Minister for Commerce Manoa Kamikamica has known as for vigilance and cautioned in opposition to the lure of fast income.
“Final yr’s EbayShop rip-off is a stark reminder of the results of ignoring warnings from regulatory our bodies. Take this as a warning – we are not looking for you to lose your hard-earned cash via such scams,” Mr Kamikamica stated.
“That’s the most harmful facet of those scams. Scammers are adept at persuasion, main victims to a false sense of safety earlier than vanishing with their investments.
“We strongly advise in opposition to participation in these schemes and encourage these looking for recommendation to contact the authorities.”
Mr Kamikamica stated the Anti-Rip-off Taskforce had been made conscious of this newest scheme and had swiftly began its due diligence.
