March 15, 2021 – Two women were charged Thursday in connection with an alleged fraudulent pyramid scheme in Quebec. The Surete du Quebec (SQ) said that Lioudmila Minina, 56, from Saint-Hyacinthe and Isabelle Turcotte, 43, from Carignan appeared in the St-Hyacinthe court in February. The two women are facing various fraud charges.
A pyramid scheme fraud involves getting people to invest and recruit people who will in turn recruit others to invest. The hope in the scheme is for money to filter up to the people at the top of the pyramid. CTV News reports. | READ MORE