Martin attempts to tighten law on pyramid schemes

Minister for Enterprise, Trade and Employment Micheal Martin is examining how he can tighten consumer legislation to offer more protection against pyramid schemes.

18th March, 2006

Minister for Enterprise, Trade and Employment Micheal Martin is examining how he can tighten consumer legislation to offer more protection against pyramid schemes.

The illegal ‘‘get rich quick’’ schemes induce people to pay large sums of money to join.

The move by Martin follows concerns about an ongoing pyramid scheme in operation in Cork and Kerry, known as the Liberty Chart System. The Garda estimates that as much as €20 million...

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