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Searches conducted in Donegal for an alleged pyramid scheme – Donegal Daily

2 properties were searched in Donegal As part of an investigation into an alleged pyramid scheme.

The Commission on Competition and Consumer Protection (CCPC) led the unannounced searches as part of an investigation into a multi-level marketing firm in the health and wellness sector.

The property was searched under an injunction on Tuesday by officers from the CCPC and Food Safety Authority of Ireland (FSAI), who were separately checking for compliance with food law requirements.

The CCPC and FSAI were supported by local members of An Garda Síochána as well as the Garda National Economic Crime Bureau.

Pyramid promotional schemes are marketing and investment scams in which an individual is given an opportunity to market a particular product. However, profit is not made by selling a product but by recruiting others into the scheme.

Under Section 65 of the Consumer Protection Act 2007, it is illegal to knowingly create, operate, promote or participate in a pyramid promotion scheme. If convicted, the operator, promoter or participant in a pyramid scheme could be subject to a fine of up to 150,000 euros or imprisonment for up to five years or both.

The CCPC, under its legislation, has the power to conduct spot searches of commercial premises and private homes on foot pursuant to a search warrant issued by a district court. The aim of the research is to uncover evidence related to the investigation conducted by the Anti-Corruption Commission.

Searches conducted in Donegal regarding an alleged pyramid scheme Last update: November 4, 2021 by Rachel McLaughlin