Advertising scheme boss led firm suspended for ‘pyramid selling’

A leader of a get-rich-quick investment product recruiting across the country was a senior figure in a firm suspended from trading in Canada because of its pyramid-style operation.

Rajiv Dixit is chief operating officer of Banners Broker International and was previously the manager of the now defunct ICF World Homes.

Banners Broker, which relies on investors renting online ad space, has said it is “categorically” not a pyramid scheme. It claims to have attracted 9,000 registered investors here.