Canadian Diamond Traders
Canadian Diamond
Traders is a new get rich quick scheme
being promoted across the internet.
However, Canadian Diamond Traders is a
cleverly designed pyramid scheme that
promises members a diamond and money upon
reaching the end of their pyramid.
There are four levels to this pyramid
that start with a person placing a deposit
on a diamond. At the first level they
are a Diamond Miner after they recruit more
members to join they move up to Diamond
Cutter, then to Diamond Polisher, and then
finally the big payoff at Diamond Collector.
After this cycle is complete members are
persuaded to rejoin again starting from the
beginning. The Canadian Diamond
Traders scheme has spread to many
countries across the globe.
Most recently the Western Australian
Department of Consumer and Employment
Protection issued a statement in which they
believe Canadian Diamond Traders to be a
Pyramid Scheme Violating the Fair Trading
Act.
They go on to say that they will fine
those actively involved in recruiting and
promoting this scheme. Companies like
Canadian Diamond Traders who focus
primarily on recruiting new member and don't
even distribute a tangible product fall
under the pyramid scheme category and are
illegal.
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