Pacific / Solomon Islands

Warning over new pyramid scheme in Solomons

09:44 am on 18 December 2019

The Central Bank of Solomon Islands is warning people not to invest in a new pyramid scheme called One Link Pacifica.

Photo: 123rf

The bank's financial intelligence unit said it had investigated the business and concluded that it had all of the operational elements of a pyramid scheme.

It said the scheme's members made money solely by getting new people to invest.

The bank warned that anyone taking part in such a scheme would eventually lose out when its pyramid structure collapsed.

It is urging people not to put any money into One Link Pacifica or any other get-rich-quick-schemes.

Anyone with questions is encouraged to contact the Central Bank's financial intelligence unit.