“Get-rich-quick” schemes are one such trap. They’re also sometimes called ponzi or pyramid schemes. The schemes are a form of financial fraud.

The founder of Nelbar Financial Corp. has been hit with the biggest fine ever levied against an individual by the Investment Dealers Association of Canada, for setting up a pyramid scheme to sell ...

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. (CBC) ...

Toronto police have charged two men with operating one of the largest pyramid schemes in Canadian history, alleging they raised $93-million (U.S.) from investors worldwide through a sham business ...

An investment dealer and former Olympic rower who disappeared for nearly 18 months faces a civil lawsuit from investors alleging he ran a pyramid scheme with their money.

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.