Some of you may remember the “Fantasy Tours” a pyramid scheme which collected more than $ million in a year before its inevitable collapse. A similar scheme in Jamaica, PLUS, is estimated to have raked in between $ million. There was one in Grenada reported to have cost investors an estimated $ million.
It is worth noting that both in Trinidad and Tobago and Jamaica, it was not only the lowerincome or the financially naïve that were caught in the net. In fact, several people, who considered themselves financially astute and who should have known better were also drawn in and swindled of their savings.