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More Countries Warn About Skybiz

 

Warnings about Skybiz as a possible illegal pyramid scheme have been issued by governments of several countries.

CANADA: Following an investigation by the RCMP, a Canadian Skybiz representative has been arrested and charged with operating an illegal pyramid scheme.

AUSTRALIA: The Commissioner for Fair Trading warned that the company might violate Australia's Fair Trading laws. "Referral selling" is illegal in Australia.

NEW ZEALAND: The Fair Trading Commission is investigating the company, which may be violating pyramid selling rules.

MALAYSIA: Warnings are being issued in Malaysia, concerned that consumers there will have no redress against a company with no physical presence in their country. The Domestic Trade and Consumer Affairs Ministry is apparently investigating the company.

SOUTH AFRICA: The Consumer Affairs Commission has warned that it is investigating Skybiz as a possible illegal pyramid scheme. A South African law characterizes pyramid schemes as harmful business practices.

 
 

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This page updated Jul-13-00