Sarb launches Ponzi scheme awareness campaign

sarb

The South African Reserve Bank today (June 28) launched a campaign to promote public awareness of Ponzi schemes.

Ponzi, or pyramid schemes, typically involve promises of large returns to persuade people to invest. These investments are then used to pay existing investors, and the scheme grows, eventually collapsing when it becomes impossible to attract enough new people.

The Sarb campaign is aimed at encouraging members of the public to report any information on Ponzi schemes to the central bank

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