Pyramid scheme investigation moves to Canada

Investigators tracking down the assets of the suspected pyramid scheme, Banners Broker, have successfully moved to Canada in a bid to recover money for investors in the internet marketing product.

They have obtained an order to take control of anything owned by Banners Broker International Ltd (BBIL) and compel its Canadian-based operators to give evidence as to the whereabouts of the company’s assets.

Papers filed with the court have thrown fresh light on the growth of the company; the manner in which it moved its assets; and the ongoing efforts by investors to chase down their funds.