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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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