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03-Nov-2014 18:10

Pyramid schemes inevitably collapse and you will lose your money.In Canada, it is a crime to promote a pyramid scheme or even to participate in one.As of July 2013, the Bureau had distributed over 14,000 printed copies and the document had been downloaded over 30,000 times.The online version now has better accessibility and had been visited over 80,000 times.by getting you to commit your hard‑earned cash for the promise of a big return. you are expected — actually, you are expected to recruit the people around you as well, getting them to put money into the scheme. Investing and being part of small businesses is perfectly fine, but you MUST do your research, and you MUST stay away from high‑pressure sales tactics, especially at meetings and seminars. Scammers can tell such genuine sounding stories that you could be tricked into providing personal documents and bank account details so that you can confirm their identity and claim your inheritance.

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For permission to reproduce the information in this publication for commercial purposes, please contact the: and other laws, pursues businesses and individuals who carry out deceptive marketing practices, such as false representations via telemarketing, fake lotteries, or Internet or mobile phone scams.

But there is no guarantee that you will recoup your initial investment.

Although pyramid schemes are often cleverly disguised, they make money by recruiting people rather than by selling a legitimate product or providing a service.

If you want to stay on top of scams, inform yourself on how to recognize the various types of scams and protect your personal information by visiting law enforcement organizations' websites, the Canadian Anti-Fraud Centre or other reputable organizations.

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