Bogus Investment Scheme

Consumers across the country are being alerted to the latest pyramid 
scheme to hit Scotland. 'KF Concept' are inviting people to roadshows 
in Inverness, Aberdeen, Edinburgh and Glasgow from the 3rd of June. 
The scheme offers a 500% return on 'investments' with no risk to the 
initial capital, which is clearly impossible in a genuine investment. 
One worried Keith resident has stopped a cheque to the operators for 
£10,000 after realising the true nature of the scheme.

Bill Cassie, SCOTSS Chairman stated:
'This is not an investment. It is a pyramid scam. Money does not 
grow on trees, and it is impossible to make huge profits without 
risk. As a rule, the greater the return on an investment, the greater 
the risk, so a claimed 500% return is extremely risky. If the scheme 
was as good as the promoters say, they would make the investment 
themselves without sharing it with strangers. I would strongly advise 
against getting involved in this type of scheme.'

Pyramid scams have a long and sorry history of relieving people of 
their hard earned money. 'Women Empowering Women' was the last high 
profile scheme leaving a trail of participants £1000s out of pocket. 
All pyramid schemes are doomed to failure, because they do not produce 
goods or services. They only circulate money between participants. For 
every £1 someone makes, someone else loses a £1 The organisers win, with 
participants loosing out. Many pyramid schemes breach the Fair Trading 
Act and some may leave operators open to action for theft and deception.

Anyone with concerns about pyramid schemes can contact their local Trading 
Standards office - details on the www.scotss.org.uk site.