{"id":231689,"date":"2025-04-03T16:56:01","date_gmt":"2025-04-03T20:56:01","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=231689"},"modified":"2025-04-03T16:56:03","modified_gmt":"2025-04-03T20:56:03","slug":"grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/","title":{"rendered":"GRENADA- Several Grenadians suffer financial loss from regional ponzi scheme"},"content":{"rendered":"
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 CMC \u2013 The Financial Intelligence Unit (FIU) of Grenada has confirmed that it is actively investigating a suspected Ponzi scheme that has led to serious financial losses for individuals across the country.<\/strong><\/p>

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\u201cIf you believe you or someone you know may have been affected, please report it immediately,\u201d said the FIU in a press release issued on Wednesday.<\/p>\n\n\n\n

According to the FIU, members of the public were promised high returns on their investments.<\/p>

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\u201cThey were encouraged to recruit others, with a promise of earning more through referrals. This is a classic sign of a Ponzi scheme, where new investors\u2019 money is used to pay earlier ones \u2014 not from real profits,\u201d said the release.<\/p>

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Earlier this week, before the FIU release, the Office of the Prime Minister issued a Public Advisory calling on the general public to be aware of Internet Scams. \u201cThe office of the Prime Minister is urging the public to remain vigilant against the increasing number of internet scams targeting ministers of government, public officers and businesses,\u201d that release stated;<\/p>\n\n\n\n

\u201cScammers are increasingly using sophisticated tactics and AI tools to exploit unsuspecting victims online. Protect yourself by being informed and cautious,\u201d the release added. Grenada has had several ponzi schemes targeting nationals in recent months according to the Cyber Security Incident Response Team (CSIRT) in Grenada<\/p>

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In January 9, CSIRT issued an advisory warning Grenadians to be aware of ongoing recruitment drives by persons involved in Creators Alliance to get unsuspecting Grenadians to join its platform. On January 15th the CSIRT issued another release describing Creative Alliance as a multi-level marketing ponzi scheme.<\/p>\n\n\n\n

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A multi-level marketing is the practice of selling goods or services on behalf of a company in a system where participants receive commission on their sales as well as the sales of any participants they recruit. It is sometimes called referral marketing.<\/p>

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According to Jervis Dabreo of the CSIRT Grenada, based on its investigations, Grenadians began heavily investing in Creators Alliance in 2024 but internet research has shown that the scheme began in 2020.<\/p>

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\u201cWe began investigating Creators Alliance in late 2024 and posted the first warning on January 9th, 2025,\u201d said Dabreo who confirmed that more than 1,000 Grenadians are affected by the Scheme in which investment ranged from hundreds to thousands in United States currency.<\/p>\n\n\n\n

Grenadians representing different professions including, healthcare professionals, teachers and police officers and a wide cross section of Evangelicals and other faith-based organisations have lost millions by investing in Creators Alliance<\/p>\n\n\n\n

When asked where Creators Alliance was headquartered, Dabreo said that internet investigations remain unclear as to the home location of the scheme.<\/p>\n\n\n\n

\u201cEach island had a different website address. What was provided to the people in Grenada is different to what was provided to the people in St Vincent or the people in the other islands,\u201d he explained.<\/p>\n\n\n\n

The Creators Alliance is not the only ponzi scheme targeting Grenadians. The CSIRT has published five other online entities including Ride Bnb; Rain BnB and BullionX<\/p>\n\n\n\n

<\/p>\n\n\n\n

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 CMC \u2013 The Financial Intelligence Unit (FIU) of Grenada has confirmed that it is actively investigating a suspected Ponzi scheme that has led to serious financial losses for individuals across the country. \u201cIf you believe you or someone you know may have been affected, please report it immediately,\u201d said the FIU in a press release […]<\/p>\n","protected":false},"author":12,"featured_media":231690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-231689","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nGRENADA- Several Grenadians suffer financial loss from regional ponzi scheme - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GRENADA- Several Grenadians suffer financial loss from regional ponzi scheme\" \/>\n<meta property=\"og:description\" content=\" CMC \u2013 The Financial Intelligence Unit (FIU) of Grenada has confirmed that it is actively investigating a suspected Ponzi scheme that has led to serious financial losses for individuals across the country. \u201cIf you believe you or someone you know may have been affected, please report it immediately,\u201d said the FIU in a press release […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/\" \/>\n<meta property=\"og:site_name\" content=\"Antigua News Room\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/antiguanewsroom\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-03T20:56:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-03T20:56:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mlavawteztbj.i.optimole.com\/w:auto\/h:auto\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/8275299.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"460\" \/>\n\t<meta property=\"og:image:height\" content=\"345\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"anr_staff\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:site\" content=\"@AntiguaNewsRoom\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"anr_staff\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/\"},\"author\":{\"name\":\"anr_staff\",\"@id\":\"https:\/\/antiguanewsroom.com\/#\/schema\/person\/f66ae26f5698168092c3ef9bccb12038\"},\"headline\":\"GRENADA- Several Grenadians suffer financial loss from regional ponzi scheme\",\"datePublished\":\"2025-04-03T20:56:01+00:00\",\"dateModified\":\"2025-04-03T20:56:03+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/\"},\"wordCount\":500,\"commentCount\":1,\"publisher\":{\"@id\":\"https:\/\/antiguanewsroom.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/mlavawteztbj.i.optimole.com\/w:460\/h:345\/q:mauto\/f:best\/https:\/\/antiguanewsroom.com\/wp-content\/uploads\/2025\/04\/8275299.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/\",\"url\":\"https:\/\/antiguanewsroom.com\/grenada-several-grenadians-suffer-financial-loss-from-regional-ponzi-scheme\/\",\"name\":\"GRENADA- Several Grenadians suffer financial loss from regional ponzi scheme - 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