Stettler RCMP warning residents about scam

Gift Cloud pyramid scheme

Stettler RCMP are warning residents about a Gift Cloud (Pyramid) Scheme.

According to Stettler RCMP Sgt. Phil Penny, people are invited to participate in a gift sharing group where each participant provides an amount of money they put in a ‘pot,’ which will be given to the person at the ‘top’ of the pyramid and who will be removed from the group.

Once this happens, the group splits into two with participants moving ‘up a level’ and those below are encouraged to recruit additional people to continue the cycle.

RELATED: Stettler RCMP aims to improve safety

Some common themes involving this scheme are:

· Participants are often told to keep their involvement secret.

· The money is called a ‘gift.’

· Participants are told the ‘Gift Cloud’ is not illegal because the money involved is considered a gift.

· Participants are told their involvement is helping others in need.

· Names suggesting the group is for a greater good. Some names within AB have included ‘Prosperity’, ‘Women Empowering Women’ and ‘Gift Cloud.’

· Often target women, but there are indications that men’s groups are also in operation.

This type of activity is illegal in Canada under the Criminal Code and there have been cases of those involved being charged for a variety of offences.

If you find you’ve become involved in this type of situation, the Stettler RCMP would like to encourage you to all the police, Crimestoppers or the Canadian Anti-Fraud Centre at 1-888-495-8501.

Like us on Facebook

Follow us on Twitter

Send us news tips to:



lisa.joy@stettlerindependent.com

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Active number of COVID cases rises to 61 in central zone

Cases increased by 13 over the past 24 hours

Town, PSA answer questions about land transfer

By Emily Jaycox and Jordie Dwyer After the Town of Ponoka announced… Continue reading

Samson Cree Nation warns residents about COVID-19 case

A non-resident member who recently visited Maskwacis and Ma-Me-O beach has tested positive.

MLA Ron Orr on Alberta’s recovery plan, Bill 32, Black Lives Matter and more

Lacombe-Ponoka MLA Ron Orr discussed a number of topics in an interview… Continue reading

Walmart latest retailer to require customers to wear masks

Similar policies at Starbucks and Best Buy in U.S.

Sylvan Lake RCMP overwhelmed by Saturday’s crowded waterfront

“The sheer number of people at the beach is an indication that enforcement is not the solution.”

Most Read