Sunday, 14 April 2019

Consumer Alert - Global Dream Network

Global Dream Network describe their business model as:
"It's all about giving donation to another member and you shall receive donation in multiples"
They also say that the system is:
"a Person to Person, Direct Funding and Crowd Sharing Platform. It brings forth a new way of raising funds for various causes, whether it is for personal needs or a host of worthy causes, such as churches, schools, non-profit organizations, etc."
The truth is much simpler. It's a pyramid scheme. Their own imagery shows this.

Their web site and their distributors are very clear that there are no products, all recruits need to do is to recruit other people.

Global Dream Network does not appear to be a registered company in South Africa, despite seeming to operate using Rand. Their domain was only registered on 21st January 2019 but the registration details have been withheld.

Section 9 of the Consumer Protection Act, 2018 defines a pyramid scheme as a scheme “where participants in the scheme receive compensation derived primarily from their respective recruitment of other persons as participants”. It also says that “A person shall not directly or indirectly promote, or knowingly join, enter or participate, or cause any other person to promote, join, enter or participate in... a pyramid scheme”.

The penalty for promoting, even indirectly promoting or even just joining a pyramid scheme is “a fine not exceeding P100,000 or to imprisonment for a term not exceeding five years, or to both.”

Global Dream Network is clearly a pyramid scheme and is therefore illegal in Botswana. Consumer Watchdog urges consumers not to waste their time, effort and money in such an illegal scheme.

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