ComCom issues stop letter to crypto scheme promoter

Tue, 19 Jan 2021

The Commerce Commission has told South Auckland woman Shelly Cullen to stop promoting Lion’s Share, a cryptocurrency programme the regulator believes is a pyramid selling scheme.The programme encourages people to join in the hopes they will later be rewarded with cryptocurrencies.The regulator opened an investigation into Lion’s Share in November 2020.A letter dated Dec. 21 from the commission asked Cullen to cease association with Lion’s Share scheme, and any other pyramid scheme and cease promoting and recruiting additional...

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Govt reshuffle: Lee demoted, Simmonds loses portfolio

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