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Trinidad & Tobago: Pyramid Scheme warning for T&T

The Financial System Regulatory Authorities: the Trinidad and Tobago Securities and Exchange Commission (TTSEC), the Financial Intelligence Unit of Trinidad and Tobago (FIU) and the Central Bank of Trinidad and Tobago (CBTT) are jointly issuing this Advisory to the public to be cautious about entering into ventures commonly referred to as “pyramid schemes”.

These schemes are currently being heavily marketed to nationals through online chat groups, via virtual meeting platforms and by direct face-to-face contact. Pyramid schemes may take many forms and are often falsely presented as new investments including different types of securities, foreign currency trades and even traditional “sou-sou” arrangements.

How can you recognise a Pyramid Scheme?

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