Coquitlam B.C. Mounties issue warning about illegal ‘Gifting Circle’ scam

RCMP in Coquitlam, B.C. are warning people about a new pyramid scheme that may be targeting women.

“One of the ways this scheme is presented is that it’s not illegal and everything is above board, which of course is your first clue that something might be amiss,” said Corporal Michael McLaughlin.

He says a recruiter asks the victim for a $5,000 gift to join and the victim is then expected to recruit eight more people who bring $5,000, so everybody is supposed to make $40,000.

“This is an unusual scam in that it’s very much targeting women who would otherwise be law-abiding, who have jobs and have money,” added McLaughlin.

Read more at Global News

This article is summarized by Canadian Fraud News Inc.

Kayla Kuefler is the head writer and social media producer at Canadian Fraud News. Kayla was born-and-raised in Edmonton, Alberta and moved to Toronto in 2013 to pursue her Bachelor of Journalism at Ryerson University. Kayla has previously interned at Global News Edmonton, Global News Toronto and CBC News in London, England.

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