Willemstad/Philipsburg:— The Centrale Bank van Curaçao en Sint Maarten (CBCS) hereby warns the public about pyramid-like schemes. These schemes are currently promoted using the anxiety created by the economic stagnation and downturn caused by the ongoing COVID-19 pandemic. These schemes are used as a cover to victimize unsuspecting or vulnerable persons trying to make much needed “easy money”.
A Pyramid Scheme is a type of fraudulent investment scheme that profits almost solely by recruiting other participants into the program. The CBCS again warns the public to be cautious of the
following pitfalls of a Pyramid Scheme: 1. Emphasis on recruiting; ...
To read more: https://www.smn-news.com/st-maarten-st-martin-news/35908-cbcs-warning-for-pyramid-schemes.html
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