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

Just Posted

Sylvan Lake Pirates hockey team add tally to win column

The Pirates won versus the Westlock Warriors on Dec. 9

Another successful year for the Sylvan Lake Charity Check stop

The annual charity drive took place on Dec. 8 on 47 Avenue between Shoppers and McDonald’s.

Spray Park Committee hosting kid friendly New Year’s Eve party

The Sylvan Lake Spray Park Committee is hosting the Kids Countdown Party fundraiser on Dec. 31

Sylvan Lake Grade 6 students learn about municipal government first-hand

Grade 6 students are learning about municipal government and attended Monday’s Council meeting

PHOTOS: A unique set up for Sylvan Lake’s most recent Christmas market

The first annual Stocking Stuffer Market was held on Dec. 8 in the NexSource Centre

Retired B.C. teacher a YouTube Sudoku sensation

A retired Kelowna teacher has amassed quite the following online by teaching the art of solving a Sudoku puzzle.

Three victims of ex-ski coach Bertrand Charest suing Alpine Canada

The victims are also seeking $150,000 each in punitive damages

Trudeau names four new senators, filling every seat in the Senate

Trudeau has appointed 49 senators since becoming prime minister and will have the chance to appoint more in 2019

Judge gives Michael Cohen 3 years in prison

Judge William H. Pauley III said Cohen deserved a harsh punishment for crimes including tax evasion

Humboldt Broncos, cannabis, Fortnite: Here are Canadians’ top Google searches for 2018

When celebrities died or Canada Post went on strike, Canada turned to Google

Condominium market still ‘a lot better’ than normal in Vancouver suburbs

The Fraser Valley, east of Metro Vancouver, has long been considered a more affordable haven for first-time homebuyers.

UN chief returns as climate talks teeter closer to collapse

Predictions from international climate expert, warn that global warming is set to do irreversible environmental damage.

Trump’s willingness to intervene in Meng detention roils Canada’s justification

The International Crisis Group said Tuesday, Dec. 11 it’s aware of reports that its North East Asia senior adviser Michael Kovrig has been detained.

Most Read