Is this a Ponzi/Pyramid Scheme?

[Zoomzoom]

Ok I know it is, but I want to be sure. If it is, to whom should I report it?


Follow this link to *100 BUCKS STOKVEL*
For only R100.00: joining fee
*LEVEL 1* waiting time one week
R100×4=R400 keep R50 and upgrade with R350.00
Level 2 : waiting time three weeks
R350×4=R1400.00 Levels completed
then rejoin with any amount
Remember its your choice if you like to upgrade to the next level or stay in your level or to leave after recieving your money
PAYMENTS GOING DIRECT INTO YOUR BANK ACCOUNT
WE ACCEPT ALL BANKS

 

[Eskimos]

Yes it is.

Report it to the FSB - they have a fraud and ethics hotline (anonymous) or you can send them an email

 

[Segg]

Yes it is, just the "joining fee" is enough of a giveaway

As for reporting, I'd assume the financial intelligence center?

 

[Zoomzoom]

Thanks. A bit of searching tossed up these contact details for reporting a scheme:

The Reserve Bank invites people to report suspected illegal deposit-taking (Pyramid or Ponzi) schemes to [email protected]. Alternatively call 0800 677 772 or SMS the Primedia Crime line on 32211.

 

[TheMightyQuin]

Ok I know it is, but I want to be sure. If it is, to whom should I report it?


Follow this link to *100 BUCKS STOKVEL*
For only R100.00: joining fee
*LEVEL 1* waiting time one week
R100×4=R400 keep R50 and upgrade with R350.00
Level 2 : waiting time three weeks
R350×4=R1400.00 Levels completed
then rejoin with any amount
Remember its your choice if you like to upgrade to the next level or stay in your level or to leave after recieving your money
PAYMENTS GOING DIRECT INTO YOUR BANK ACCOUNT
WE ACCEPT ALL BANKS

If you have to ask......

 

[phoenix99]

If you have to ask......

Quacks like a duck...

 

[Thor]

Yes it is.

Report it to the FSB - they have a fraud and ethics hotline (anonymous) or you can send them an email

They don't handle ponzis.

You report this to the police. You can only report to the FSB if it is a financial product being sold.