The Solomon Islands Government says it cannot support the One Link Pacifica pyramid scheme.
Photo: ppart/123RF
The Central Bank of Solomon Islands warned the public last week about putting money into the scheme.
It said people had been putting in money with One Link promising a 300 percent return on investment within 30 days.
The government said it agreed with the Central Bank and it was encouraging people to avoid the company.
It said One Link had 60,000 members but didn't have approval of the Central Bank nor a business licence from the Honiara City Council.
According to the government, One Link is vowing to continue operating but the City Council has ordered that it cease trading.
The government said it was working to ensure the public were safeguarded from such investment schemes.