FCCC urges public to report pyramid schemes

FCCC urges public to report pyramid schemes

By Rashika Kumar
Monday 04/03/2024
Fijian Competition and Consumer Commission CEO Joel Abraham

Fijian Competition and Consumer Commission CEO Joel Abraham is urging people to come forward with information regarding pyramid schemes.

In an interview with fijivillage News, Abraham says whether you have been participating in a group called Elite Society, AIM Global Fiji or Empowered Consumerism please reach out to the FCCC or any other member of the anti-scam task force and he has assured that they will receive the complaint.

When questioned about how much money people stand to lose, Abraham says it depends on how wide the pyramid goes where they have seen it go as high as millions of dollars or in the thousands.

He says they are also looking at payment modalities and how money is being shifted and this is where the Financial Intelligence Unit of the Reserve Bank of Fiji comes in handy.

The CEO says those who have joined such schemes, he is asking them to play their part by coming up with relevant information which will enable them to quickly get a hold of what the scheme is about.

FEATURE NEWS
Year 13 External Exam results out on Christmas Eve, Year 12 results out on 18th Jan
The Fiji Year 13 External Exam results will be released on 24th December, 2024 and the Year 12 External Exam results is scheduled to be released on 18...
3 hours ago
LATEST NEWS
Big Cats invests $200,000 into their Bar and Lounge in Damodar City Labasa
About $200,000 has been invested in opening of the Big Cats Bar and Lounge at Damodar City in Labasa. Owner and Labasa Chamber of Commerce ...
6 hours ago

Two US Navy pilots shot down over Red Sea in apparent 'friendly fire' incident
The US Military has confirmed that two US Navy pilots were shot down over the Red Sea in an apparent “friendly fire” incident. Both pilots ...
6 hours ago

About 65% of Rewa Street road works completed – FRA
About 65 percent of the road works on Rewa Street have been done, with the project expected to be completed by next month. The Fiji Roads ...
6 hours ago

76 people arrested this week for drug related offences ranging in ages from 19-64
76 people around the country arrested this week for drug related offenses with a 64-year-old man as the oldest after being found with seven sachets ...
8 hours ago

Dalo farmer from Macuata plans to buy gifts and prepare for back-to-school needs for Christmas
Sailasa Maiqilo, a dedicated dalo farmer from Namuka in Macuata, is making the most of the festive season with good sales at the Labasa Market, where ...
10 hours ago



fijivillage Straight Talk with Vijay Narayan
Latest Videos

Stay tuned for the latest news on our radio stations

CFL radio frequencies
yb
IN DEPTH
Fijian Drua in Kadavu
The Swire Shipping Fijian Drua are keeping in tradition with their previous pre-season training and will be in Kadavu till Friday afternoon. The ...
3 days ago

Vanuatu Earthquake
The 7.3 magnitude earthquake, which struck at a depth of 57km, occurred 30km to the west of the capital Port Vila at 1.47pm, according to the US ...
3 days ago

Investigation into alleged drink spiking incident at Warwick Resort after 7 guests get sick
Minister for Tourism Viliame Gavoka confirms that 5 guests have been discharged following an alleged spiked cocktail incident at Warwick ...
6 days ago

TOP