“Gifting Club” is a pyramid scheme doomed to collapse, CMA warns the public

The Capital Markets Authority (CMA) has cautioned the public that the so-called “gifting club” operating via social media is actually a pyramid scheme that is doomed to collapse and offer nothing in return to several participants. Prospective investors in the scheme have been promised gifts worth UGX2,000,000 in a few hours or in less than a week, an amount that is 10 times their initial co