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PRESENTED BY:
TAMAR KIRKITADZE
TEMUR KVIKVINIA

\ue000In a nutshell, pyramid schemes

promise to make you money. You
pay the person who recruits you
for the right to go out and recruit
your new members to the
scheme. In turn they must pay

ou for their ri ht to recruit their
Commonwealth and State laws ban pyramid selling. If a pyramid
scheme claims to

sell financial products, then it's illegal under ASIC's own legislation. Financial products include shares, managed funds, superannuation, insurance, and credit. Please report

such schemes to us.
Is it pyramid selling or marketing?

Sometimes it can be tricky telling the difference between a pyramid
scheme and other schemes that may be perfectly legal. Essentially, it
boils down to whether recruitment payments form a substantial part of
the reason for you to join.

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