Consumers warned over Flower/Leaf pyramid scheme Competition and Consumer Protection Commission cautions over social media scheme
Thu, Mar 4, 2021, 12:24 Updated: Thu, Mar 4, 2021, 12:25
People have been warned not to engage with a suspected pyramid scheme dubbed the Flower/Leaf that is circulating on social media channels.
The Competition and Consumer Protection Commission (CCPC) said it has been contacted by consumers who have been invited to take part in what they suspect is a pyramid scheme, in which they are encouraged to make an initial investment of €150 and then recruit others to invest.
They reported being told that once they recruited more people they would move to the next tier of the model. This supposedly continues until the participant reaches the centre of the model and makes a return on their investment.
Blackstone gets green light for prime Dublin office purchase Competition body clears deal for Colony stakes in Burlington Plaza and Three Ireland HQ
Wed, Feb 10, 2021, 02:00
US private equity giant Blackstone has been given the green light by the Competition and Consumer Protection Commission (CCPC) to proceed with the purchase of a majority interest in two of Dublin’s foremost office assets.
The CCPC’s approval of the deal clears the way for Blackstone to acquire the stakes held by another US investor, Colony Capital, in the Burlington Plaza office complex on Burlington Road and the headquarters of Three Ireland at 28/29 Sir John Rogerson’s Quay. Having considered the proposed transaction under the terms of the Competition Act, the commission said it had formed the view that the deal would “not substantially lessen competition in any market for goods or services in the State”.
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Irish banks want to take on Revolut together but why has the competition watchdog rejected them?
Why has it taken so long for Irish banks to address competition from fresh-faced fintech companies? By Ian Curran Sunday 24 Jan 2021, 6:30 AM Jan 24th 2021, 6:30 AM 76,285 Views 37 Comments
Image: SIPA USA/PA Images
Image: SIPA USA/PA Images
THERE WAS SEEMINGLY good news for Irish consumers last week when it was reported that four Irish retail banks Bank of Ireland, AIB, Permanent TSB and KBC were formally moving ahead with plans to band together to create a payments app, Synch Payments, to rival digital challenger banks.