'On April 27th 2017 Smith and Dixit pleaded guilty to operating a pyramid scheme under the Competition Act. The two principles have received conditional sentences whereby they will serve two years less a day in the community and will be required
They have been charged with Defrauding the Public of Over $5000, Possession of the Proceeds of Crime, Laundering the Proceeds of Crime, Operating a Pyramid-Selling Scheme and Making False or Misleading Representations under the Competition Act,
I'm assuming that there are people within the WA Community who, like me, were unwittingly sucked into the Banners Broker Ponzi Scam a few years back. Hopefully we've all put it behind us as a bad experience.