There's another Pyramid scheme making the rounds in the province, and police warn it's a good way to lose money. The latest scheme calls itself a "gifting" system. People are recruited as ...

"Everyone that's hanging onto the artist is buying houses and having families and going on holiday. And the artists could ...

Burnaby resident Mark Cuzzeto launched a class action lawsuit after he lost $3,200 in a pyramid scheme run by Alan Kippax, winning $6.5M for all of Kippax's victims.

A gifting circle is a pyramid scheme that offers high financial rewards for “gifting” cash. Mission RCMP say new participants are asked to attend meetings and to recruit two people.

Given Mr. Mavrodi's history with pyramid schemes, his resurrection is remarkable. A graduate of the Soviet Union's elite physics institute, he created his first pyramid in the 1990s.

A year ago, Coquitlam RCMP issued repeated warnings about a popular "cloud" scheme being illegal. The Mounties alleged the scheme has been evolving for years, with new members being recruited or ...

Mining becomes progressively more difficult, and eventually unprofitable, marking the likely end of a scheme.” Like a pyramid scheme, then, the values accrue up the chain while the losses flow down.

Two Londoners were taken into police custody on Monday, accused of being behind a “gifting cloud” pyramid scheme investigators believe has been in operation in the London area for at least a year.

It’s an attractive proposition — being able to work from home and earn commission on sales, with the flexibility to work as little or as much as you want. That’s the general allure of multi-level ...