Trinidad and Tobago police say they have arrested nine people and seized millions of dollars as a result of a pyramid scheme on Tuesday.
A police statement said that those arrested at a house in La Horquetta, along the east-west corridor, were also in breach of the Public Health Ordinance Regulations that limit gatherings to no more than five as the country seeks to curb the spread of the COVID-19 pandemic.
The police said the people were “waiting to collect large sums of money from a pyramid scheme”.
The police exercise was led by Commissioner, Gary Griffith, and in the execution of a search warrant the “police arrested nine persons for being in possession of cash in excess of the prescribed sum.
“A large quantity of money was seized and taken away. The Finance Intelligence Branch of the Trinidad and Tobago Police Service has been brought into the investigation.”.
Griffith said that those involved in the illegal pyramid scheme that the police would seize the money in the scheme and “that would mean that people would lose their hard-earned money they invested in these schemes”.
In recent months, persons have complained of being tricked into participating in those illegal pyramid schemes.
Media reports said that among the nine arrested on Tuesday was a member of the Trinidad and Tobago Defence Force.
News source: CMC