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flag New Zealand investigates LiveGood and TXEX for pyramid scheme tactics promising quick profits through recruitment.

flag The New Zealand Commerce Commission is investigating a potential pyramid scheme tied to the health supplements platform LiveGood, active in Hawke’s Bay and promoted via social media groups. flag The scheme, which encourages recruitment over product sales and offers low entry fees with promises of quick earnings, is under scrutiny for violating consumer protection laws. flag A separate cryptocurrency investment scheme in Wellington, known by names like TXEX and Signal Trader, has also drawn warnings from the Financial Markets Authority for similar recruitment-driven, high-return promises. flag The Commission urges the public to remain cautious, report suspicious activity, and recognize that unsustainable profits often signal scams.

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