Home Scam/Fraud RCMP warning Albertans of Ponzi scheme with more than a dozen victims

RCMP warning Albertans of Ponzi scheme with more than a dozen victims

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Alberta RCMP are warning people across the province of an online Ponzi scheme promising high returns on online investments after receiving more than a dozen reports of people losing out on a total of more than $100,000.

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The Canadian Anti-Fraud Centre has identified a nationwide scam called Aweunion or Awebuy, which several Albertans have fallen victim to, a news release stated. The scam promises individuals high returns on their investments after they put funds towards underperforming products on Amazon in order to drive up the popularity of the products. People that put money towards the scheme believe they will receive a commission from their investments however, they see little to no return and are unable to contact Aweunion administrators.

Alberta RCMP said they have received 14 reports of the scam with victims losing a total of $148,630.

“We are asking the public to be vigilant in the…

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