The Fair Trading Commission says pyramid schemes and blessing circles are a matter of great concern as people are losing thousands of dollars to tricksters.
Director of Consumer Protection at the FTC Deva Leslie-Ward tells Starcom Network News the state-agency is getting a lot of inquiries from the public about these schemes.
But she warns that the masterminds behind such ventures are just preying on people.
Mrs. Leslie-Ward says large numbers of people are being duped into joining the so-called blessing circles often using the church to win people’s confidence.
The FTC official says they will be undertaking a major drive to educate the public about these schemes.