They are asked to pay a “gift” of around US$5000 in return for empowerment, wisdom and sisterhood and the promise of US$40,000 should they reach the circle’s top status of leader or “Lotus”.

"Gifting tables" or "gifting circles" are a scam of the most obvious kind. They are no different, although on a much smaller scale, than the Ponzi scheme run by Bernard Madoff, whose collapse cost ...

A southern Alberta man is accused of playing a key role in a "gifting circle" pyramid scheme that could involve millions of dollars and hundreds of people in Alberta, B.C. and Saskatchewan.

Mission RCMP have arrested four people in relation to an illegal "gifting circle" pyramid scheme potentially involving thousands of people across the Lower Mainland. RCMP, with help from the Federal ...

Gifting circles are just the latest incarnation of the classic pyramid scheme. In a gifting circle — also known as a gifting cloud or community — new members buy in with a "gift" of cash.

The Commerce Commission says women's gifting circles are likely to be illegal pyramid schemes. The Commerce Commission has warned women to avoid buying in to women's gifting circles, which it ...

The circles promise a return of $40,000 in exchange for a gift of $5,000 and the donor must then recruit two more people to kick in funds, but investigators say money is lost when new recruits ...

BOISE • Attorney General Lawrence Wasden is urging Idahoans to avoid participating in illegal pyramid schemes known as “gifting circles.” His Consumer Protection Division has received two ...