Is it illegal for a promoter or a participant in a trading scheme to persuade anyone to make a payment by promising benefits from getting others to join a scheme and which are the consequences?
e.g. Is it illegal to be a representative of a travel company's membership scheme, where you will get a commission by registering new members and they will do so as well?
Thank you for the quick response.
I have recently joined a travel operator/agency called Worldventures where you can benefit from travel packages etc after becoming a member.
But as a member, you can get a commission (e.g. become representative) by registering new members who the will have also to do the same in order to get a commission, too.
So, I would like to know if this is illegal (e.g. to try and register someone into a scheme by promoting the benefits (also moneywise) they could earn from.
Hope this explanation helps you
On the contract with them and on the presentation tools its is stated this for UK residents:
''Is it illegal for a promoter or a participant in a trading scheme to persuade anyone to make a payment by promising benefits from getting others to join a scheme''.
An after googling this I came up with lots of refers on it by different companies in different industries who work with representatives
Thank you for your help.
Yes, and also if someone tries as representative of a company to persuade other people to join a scheme by promoting the benefits (money wise) they could get from this as well (commissions etc.)
Thank you Alex for your answer.
It's clear now for and I'm covered on this query.
Have a nice Saturday evening.