RCMP warns of 'gifting cloud', 'gifting circle' scheme in northeast New Brunswick

RCMP

Mounties need your help getting to the bottom of a 'gifting cloud' or 'gifting circle' scheme circulating in Northeast New Brunswick.

Over the last few months, police say they've received several reports of people being invited to invest a 'gift' of money, with the promise of a significant financial pay-off.

They say those approached are then asked to recruit new 'investors' to contribute before they can receive their supposed payment.

The RCMP says such 'gifting clouds' or 'gifting circles' are actually pyramid schemes and are considered fraud.

Anyone who has been approached to take part is asked to contact police to help prevent others from being victimized.

Those with information are asked to contact RCMP or Crime Stoppers.