Monday, 21 November 2011

Are TVI Express ignoring laws?

From the Sunday Express in Lesotho:
"The Central Bank of Lesotho (CBL) has again warned the public against investing their monies in a pyramid scheme operated by Travel Ventures International (TVI) Express."
Companies that persistently ignore the law tend to end up with their Directors behind bars.

[Thanks again to Kasey Chang for the news.]

3 comments:

Kasey Chang said...

Ah, but they do end up behind bars... Just not in Botswana... yet

Arrest in China (use translator)
http://blog.ce.cn/html/74/426474-670373.html

Arrest in South Africa
http://www.observer.co.za/stories/locals-lose-thousands-pyramid-scheme-bus

Arrest in India
http://timesofindia.indiatimes.com/city/bangalore/2-held-for-taking-many-for-a-ride/articleshow/9241742.cms

Arrest in Indonesia (use translator)
http://medan.jurnas.com/index.php?option=com_content&view=article&id=62992:beli-rp20-juta-dapat-rp90-juta-mlm-kelabui-ratusan-nasabah&catid=25:inimedan&Itemid=53

Kasey Chang said...

TVI Express officially convicted as pyramid scheme in Australia, and trio running "TVITeamOz" as pyramid scammers

http://www.dailytelegraph.com.au/money/tvi-travel-offer-really-a-pyramid-scam-federal-court-finds/story-e6frezc0-1226209159301

Kasey Chang said...

FYI, TVI Express scammer convicted of fraud and sentenced to 9 months in Indonesia:

http://www.ujungpandangekspres.com/index.php?option=read&newsid=77647
(link is in Indonesian)

The head of the fraud in Indonesia is still at large though.