CBA warns against participating in MMM 2011 financial pyramid

CBA warns against participating in MMM 2011 financial pyramid

PanARMENIAN.Net - The Central Bank of Armenia disseminated a message, which warns the population about the operation of MMM 2011 financial pyramid in the republic.

According to the CBA message, the scheme’s ideology is based on return of investments with high interest rates in case of attraction of new ones.

“CBA doesn’t issue license for pursuing such activity. CBA warns citizens and organizations about the risks the financial scheme poses to loss of significant means and properties,” the message reads.

 Top stories
This year’s event will be held in Yerevan under the motto “16 Countries … and Opportunities for Enterprise Development.”
“Government’s policy line of boosting the NPP’s safety and building a new power unit remains unchanged,” Armen Movsisyan said.
Armenia’s rich cultural, historical and Christian heritage will be presented in travel guides and maps in Russian during the exhibition.
The contract terms stipulated by companies allowed them to charge subscribers for the period when no internet service was provided.
Partner news