Canadian Diamonds Trader: A Pyramid
The high volume of commenters claiming that this CDT is a legitimate company piqued my curiosity, so I decided to investigate this a little further.
I found something very interesting: CDT has been declared a pyramid trading scheme by the Western Australia Government.
“Department of Consumer and Employment Protection, Government of Western Australia:
Canadian Diamond Traders
Pyramid
Canadian Diamond Traders (CDT) is being promoted on the Internet, explaining how people can join the scheme and by recruiting others, receive a diamond and money at exit when they reach the top of the pyramid.
The website shows a pyramid diagram with four levels. Recruits place a deposit on a diamond through the website and commence on the base level as a Diamond Miner (8 positions). By recruiting others, participants progress through to Diamond Cutter (4), Polisher (2) and the top, the Diamond Collector. Once reaching the top, they supposedly receive the diamond and $3,000 cash. They are also encouraged to rejoin, which continues the scheme.
CDT’s website makes such statements as:
- If you have $100 to invest and you know two other people with $100 to invest, you can make $3,000 over and over again;
- You earn commissions by referring other members to the program. When they make a purchase, you get credit for the sales; and
- The more people you directly sponsor, the faster you will cycle out and the more frequently you will cycle. The ideal is to sponsor at least two members as soon as possible.
Consumer Protection believes the scheme to be a pyramid trading scheme in breach of the Fair Trading Act.
http://www.docep.wa.gov.au/ConsumerProtection/scamnet/Scams/Canadian_Diamond_Tra.html“
here is another one:
“Canadian Diamond Traders Inc: Is It A Scam?
We are actively pursuing closing this pyramid fraud down as we did Treasure Traders International. Join us www.crimebustersnow.com . we will also arrange to sue them for a very minimal disperment cost with no fees unless you win. call 905-963-3389 www.crimebustersnow.com
http://mlm.business-opportunities.biz/2006/01/25/canadian-diamond-traders-inc-is-it-a-scam/“
Well, after checking the Internet for quite a while, I can asset that this is a highly controversial company, with some claiming it is a scam and the others vouching for its legitimacy.
Personally I wouldn’t touch with a ten foot pole a company that has so much controversy, but that’s just me.
Rule of thumb for anyone making an investment: contact your certified financial planner, your attorney or check with your state agency before you make any investment with your hard-earned money.
I will not post any claims vouching the legitimacy of this company here from unknown parties. However, I will post the official statement when I hear from Maryland Securities Agency. Elizabeth
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Yeah! A friend of mine tried to get me into it.. and she explained it a bit. I said, it’s a pyramid scheme. She said no. I told her, NO, it’s a pyramid scheme. it’s disguised NOT to look like one but it is. She didn’t listen to me.
To this day, if I SMELL anything like a pyramid scheme, I”m outta there.
The money collected from these suckers goes to the
Africian Crew who live in Canada and send the money to their war-torn countries in Africa to pay for weapons to continue their civil war.. Check http://www.scam.com for accuracy info ..
The diamond that these suckers received are yellow (low grade diamonds) and has no value but they think they are rich.. Well if it was fool’s gold, they would beleive it was actually real Gold too..
This is gonna hit them in the face faster than punch..
Sad,,,, Really sad…
A WORLD-WIDE MANIFESTO
“DIAMONDS ARE FOR EVER” – CANADIAN DIAMOND TRADERS MOST CERTAINLY IS NOT!!! – David John Thornton President – http://www.crimebustersnow.com gatoraid@sympatico.ca
December 25, 2006.
FROM http://www.factnet.org message board Dec. 24 /06 [addendums Christmas Day.] – you are welcome to post on “fact” board. Anonymously if you wish.
To “aussie_battler” who, on Wednesday April 06, 2006, wrote in condemnation…”Me thinks you should do some research first before you slam this one CDT. I am surprised they don’t sue you! This is not Pyramid! Learn the difference my friend before you give hundreds of Battlers out there more sleepless nights! …… Now read this …….
Canadian Diamond Traders is a pyramid fraud scam pure and simple. The Western Australian Government, for one, with the assistance of materials submitted by our organization has declared it so. And after talks with the Attorney General of Maryland a press release was issued warning citizens of a diamond pyramid fraud from Canada scamming U.S. citizens.
http://www.docep.wa.gov.au/Corporate/Media/statements/2006/September/Diamond_pyramid_sche.html
Australian Parliament – Legislative Assembly Hansard (Extract) – link below. “…..It is promoted as a legitimate multilevel gem-marketing scheme that is approved in the United States of America and Canada. It has no such approval.”
http://www.parliament.nsw.gov.au/prod/PARLMENT/hansArt.nsf/V3Key/LA20060921018
FROM A.G. Maryland
http://www.oag.state.md.us/Press/2006/111306.htm
Excerpt from link below Baltimore Business Journal – Re: A.G. – MD. “Since the end of October, the state received 15 inquiries regarding a pyramid scheme targeted at deaf people. A Canadian company is soliciting residents to sell diamonds, said Kevin Enright, a spokesman for the Maryland Attorney General’s Office.”
http://sanantonio.bizjournals.com/baltimore/stories/2006/11/13/daily5.html
Those at CDT are spewing lies and deceit and using this deceit to target such vulnerable groups as the deaf community, seniors and students world-wide; even students in high school. The nonsense they spew, suggesting that because they are a “paid member of the American Chamber of Commerce” and “registered by a government-level notary” etc., and “reviewed by a criminal lawyer” and this some how makes their criminal activity legal, is in fact all false and misleading. None of that “colourful ‘legal’ smoke and distorted mirrors” nonsense in anyway legalizes CDT’s criminal money laundering activity. CDT is simply defrauding tens of thousands of people in a criminal conspiracy to promote pyramid fraud world-wide then laundering the money through a registered business. In the Criminal Code of Canada it is clearly stated…. “The legitimacy of a business is not a factor to be considered if a part of its operation is a lottery scheme.”….. And pyramid fraud schemes are lottery schemes as defined by the Canadian Criminal Code. The misleading nonsense below is from CDT information…
Company Information
Canadian Diamond Traders (CDT) is registered with
The American Chamber of Commerce in Canada
(look for us in the members directory among other reputable companies:
http://www.amchamcanada.ca/aboutus/members_directory.php
The Ontario Management Board of Cabinet
(www.gov.on.ca/MBS/english/mbs)
-Registered by a government-level notary following a complete review
-Business model also reviewed by a criminal lawyer
CDT has been notarized by the Ontario Management Board of Cabinet: This is a government entity. From a legal perspective, their principal attorney is an official “Queens Counselor.” This title reflects that he recognized for exceptional merit and contribution in representing the Canadian Government.
And this bit of seemingly “credible” nonsense
International members may call the Department of Foreign
Affairs or Canadian Government to get information about CDT.
Again for CDT to suggest this legal “mumbo-jumbo” is some way legalizes their criminal fraud is absolutely false and misleading, and reprehensibly misleading tens of thousands into a criminal scam and possibly, and probably, many young minds into a life of crime.
It would appear in the evidence and discussions I have had with the American Chamber of Commerce (AmCham) that this organization could care less what scams or crooks join their organization “riding their collective coattails” world-wide and scamming students as long as the crooks pay their fees to AmCham. The American Chamber of Commerce affiliated with the U.S. Chamber of Commerce and all their “Fortune 500″ companies, by allowing illegal scams and crooks to join their organization and use their names, are indeed responsible for carrying these frauds, like viruses, from Canada into countries from the U.S. Australia, Albania, Russia, Ukraine, Baltic States, South Africa, Japan, Thailand, Spain, virtually world-wide. QUOTE CDT: …”look for us in the members’ directory [AmCham] among other reputable companies:” That is reprehensible!!!
Canadian Diamond Traders is essentially the same fraud as “The Mother of all Pyramid Frauds” “Women Empowering Women”, (again from Canada); a 4 tier (1-2-4-8) illegal pyramid structure also copied by Treasure Traders International and Business in Motion both of these criminal scams also from Canada, with their near worthless emeralds thinly masking their “colourful smoke and distorted mirrors” scam and now Canadian Diamond Traders is doing likewise with diamonds. So close are the two schemes that earlier this year TTI was in Court suing CDT. What a joke!!! Criminals suing criminals in the civil courts. All this of course because our corrupted Canadian Government and the RCMP refuse to enforce the law and close them down before they have amassed huge illegal money laundering fortunes and can then afford to turn our civil court system into a “three ring circus.” (The Christians, the Cops and the Crooks).
There does exist however, good judges that are doing what is in their power to prevent the civil courts from becoming “unwitting accomplices” to crime and I quote Judge Quigley of The Ontario Superior Court…… November 30, 2006. “This court cannot, through a request for injunctive relief brought on totally unsatisfactory affidavit evidence, permit itself to become an unwitting accomplice upholding against fair criticism a “business” that at least prima facie appears and may well be found at trial to constitute an illegal activity specifically sanctioned by provisions of both the Competition Act and the Criminal Code”
Now, in an attempt bolster your argument and to ridicule me, “aussie_battler” you aggressively wrote “I am surprised they don’t sue you!”
And I say to you,….. I don’t think they have the guts. That includes CDT, their unethical lawyers, AmCham and the U.S. Chamber of Commerce and their affiliates. And that is billions of dollars in combined power against an impecunious pensioner. They simple don’t have the guts!!! Go figure!!! CDT exposed by a pensioner once called “demented” by a lawyer (running another fraud) at mediation, in the court house in Richmond Hill On. A pensioner with what he claims is the truth; the only defense he has. And they, at CDT, claiming “he makes up this stuff” still haven’t the guts to have their claims tested in court. A pensioner no less, with only grade 10 formal education, who has great difficulty spelling even some relatively simple words without the help of a computer. So I guess the computer, it can be said, has helped immensely in “leveling the playing field” in the quest for justice by allowing ordinary citizens to mount legible and comprehendible attacks on sophisticated criminals, their lawyers, corrupt government, politicians and police, and their well educated, meticulous supporters and sympathizers.
CDT, and any or ALL of those just mentioned that I have defamed could easily sue and attempt, within days, to get an injunction to close my website as was attempted by Treasure Traders International in their $10,000,000 defamation suit against me to close down our website.
That turned out badly for TTI when the argument I submitted was able to convince, with solid evidence, a Superior Court Judge, that prima facie, essentially, TTI is the same scam as the “WEW” “fraud of the decade” with the only irrelevant difference, being that TTI, as previously pointed out, uses gemstones as a very “colourful smoke and distorted mirrors” game to thinly disguise a criminal pyramid fraud scheme.
In conclusion and in answer to your fear, “aussie_battler” as you wrote…. “This is not Pyramid! Learn the difference my friend before you give hundreds of Battlers out there more sleepless nights!”…… I say this; CDT is a criminal pyramid fraud and, I sincerely hope I have indeed given you crooks many sleepless nights and more to come. And further, I challenge any one of you, or all of you, including the huge CDT corporation crooks, their corrupt lawyers (counseling a criminal scam) etc., AmCham, the U.S. Chamber of Commerce and anyone else I have managed to defame and/or your whole group of thousands of CDT “affiliates” to each pool $10 into a huge massive legal fund and try to successfully sue me. You have an immense mountain of evidence of defamation. All I can do is “cling to the law” and what I see as the truth in an attempt to prove, once again, that an “individual clinging to the law can withstand the ravishes of criminals and giant corrupt bureaucracy.” (N.Y. People v. Cora Walker 1964). Now, my only defense is that unconscionable crooks are engaged in a criminal conspiracy to commit and promote a criminal scheme misleading students, seniors, the deaf community world-wide, the financially unsophisticated and others, and may I add, since you refer to me as “friend”, …. I choose my friends and I can assure you; you are not among them.
Now, ask your exalted leader of Canadian Diamond Traders …. why a vast world-wide viable business claiming to be legally sustainable would allow itself to be defamed by an individual who operates a world-wide non profit scam organization who has conceded, by virtue of the very complaints of at least one huge leading gem stone organization, TTI, that he has caused them irreparable damage, …. And I quote from the TTI’s whining affidavit and the court’s decision Nov. 30 /06 ….
TTI’s claim – “…. the reputation and business of the Plaintiffs have suffered. The Plaintiffs have received hundreds of inquiries to date from their affiliates, employees, agents and distributors questioning the business of the plaintiffs.” (whine whine)…. and the court …. @ [7] “As a result of Thornton’s actions, TTI and BIM claim that their reputations have suffered. Specifically, they state that sales have significantly decreased. They state as well that Thornton appears to have intentionally made the defamatory statements that are attributed to him in order to interfere with the applicants’ contractual relations with their customers and distributors and to cause the applicants, TTI and BIM, to suffer damages.” …. (really???!!!)
And I am doing the same to CDT and as a result have also caused, and further causing CDT immense, irreparable damage to their reputation, monetary harm and in addition “sleepless nights” to “Aussie Battlers” in Australia and probably CDT “distributors” world-wide. But they don’t sue!!! I have even made CDT case of defamation and vast and irreparable damages for them, and also you, their distributors. You need not even prove it. You have it all on a proverbial “silver platter” The cost of a law suit is infinitesimal to, and far outweighs the huge losses being suffered by CDT by my continual attacks on CDT and those affiliated with them. If nothing else surely you want the satisfaction of silencing this nemesis. This should be a simple corporate decision. Now, If nothing is done through the courts by CDT, or anyone, to counter my attacks so you distributors can get on with your, as you call it, “legal” business, I would seriously question your corporate head office and the legitimacy of their criminal scam. FYI, this is what the Judge wrote in his decision with respect to proof of damages re: Treasure Traders International…….
@ [18] “In the present circumstances, TTI and BIM assert a claim for damages of $10,000,000 for defamation and interference with economic relations. I observe that there is no evidence or other material advanced on this injunction motion that would appear to provide any real support for a damages claim of that magnitude……”
The judge went on however, to note “….. Thornton may have caused irreparable harm to the TTI and BIM businesses. Indeed it is admitted by the respondent that that is exactly the result his actions were intended to have. I am thus prepared to assume for the purposes of this motion that irreparable harm has been caused by Thornton, principally because, apart from evidentiary deficiencies of the material put before the court by the plaintiffs, Thornton himself effectively acknowledges that he hopes he has caused them irreparable harm.”
Now, If CDT is truly different than the criminal TTI scam, and is, as you insist, not a criminal fraud, then “tell it to the Judge” and you, or any of you should have little problem succeeding were TTI and BIM failed by shutting down our website with an injunction and saddling me with a crippling debt I will never be able, at my age, to ever “climb out from under.” So, “Aussie Battler” (aka Sleepless in Australia) and knowledgeable one, I put it to you; put up, or shut up and continue to suffer the millions in damages to your unconscionable criminal scam. And take note, this very posting, which I will swear if you wish was written and posted by me, is more than enough to construct a prima facie suit for defamation and damages. I can even draw up the statement of claim for you. And if I had lots of money as you people do I would even pay your legal fees.
So, here I am, warning you that I have, and will continue to cause the same damage to your corrupt criminal pyramid fraud as we did to TTI and BIM. So SUE ME you certainly have the money; but the situation then begs the question, have you got the “GUTS???” (That’s the lower language of a grade 10 drop out. The “more refined” would, of course, espouse “intestinal fortitude”). Nonetheless, I dare you!!!
You may wish to peruse the 18 page clear and unambiguous Judgment of the Ontario Superior Court that sets your organization on very solid legal ground. Surely the Judge (particularly with my assistance, and insistance) would accept your claim for huge damages and immediately sign an injunction order to shut me down. All you need do, as a “totally legal entity” vis-a-vis the criminal TTI, is counter my claim and convince the Judge that you, and CDT, are in fact quite different and actually operating a legal entity. And that position, of course, is supported by CDT’s posted legal “Mumbo Jumbo” espoused by … what does CDT call them??? …..a “Registered government-level notary following a complete review” and your “Business model also reviewed by a criminal lawyer.”…… Now, all this legal “Mumbo Jumbo,” (only the humble opinion from a “demented old pensioner”) if true, and CDT and its “independent distributors” emphatically insist it is, should be all that is required to win this simple court judgment.
You can find the 18 page decision of Ontario Superior Court Judge Quigley on our website at http://www.crimebustersnow.com it takes a while to download, but believe me it is worth it!!!
David John Thornton …President http://www.crimebustersnow.com gatoraid@sympatioc.ca 905-963-3389 24/7 We return your calls toll free in North America and 22 countries world-wide (including Australia) and we help as many as we can world wide, to avoid being ripped off by unconscionable criminal scammers like CDT.
p.s. MY CHRISTMAS MESSAGE – I wish a Happy Christmas and hope those who have the insight, but allowed themselves to be blinded by greed, will, with new found compassion, see. There are many victims, who have been unwittingly “duped” by CDT and other pyramid frauds, Ponzi schemes, MLM rip-offs suffering damaged or destroyed family relationships, damaged friendships, lose of homes, ten’s of thousands of dollars in losses and now in debt, going to food banks and the Salvation Army for assistance, who will not have a Happy Christmas. And those who have committed suicide never to be heard from again.
dave
C.C. to CDT, CDT lawyer(s) (counseling an indictable offence) – AmCham (American Chamber of Commerce) and affiliates – U.S Chamber of Commerce – Prime Minster of Canada, Premier of Ontario and other relevant parties. – “THE EMPEROR(S) HAS NO CLOTHES”
thank you for you research on canadian diamond, its mode of operation arouse ones curiosity, pls furnish me with any latest development on their activities i will join in u in your campain against this fraud,it is amazing that lot of people bcos of greed are falling for their tricks daily.
Please check out this blog and please send it around the globe. I feel so terribly for victims of crime, police and political abuse both physically and psychologically and I am truly trying to bring world attention to it.
http://crimebustersnow.blogspot.com
[...] Traders International, which you can find information about here, here, here, here and here (we could post a list of thousands of links that expose TTI as a pyramid scam) has suffered a defeat [...]
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Hello,
I had some one contact me that I know and told me this has no money out of pocket until you get your 35 people and then you will collect $4000, and you will take $500 at that time and pay for one persons postion and you will get a diamond also. Is this the same program on the scam, but they are asking for your birth date, and then could get your idenity correct?
Is it true that Gallaudet University has its new own CDT’s name Mosaic team? If so, I believe that Gally President needs to know that to avoid its reputation in public since of the protest.
The only way to collect that $4000 and a diamond is to scam those 35 friends and family. That’s where the money comes from. This is an illegal “money circling scheme.”; apyramid fraud. What happens is this. You scam 35 people, give the money to CDT. They take a chunk of your work and your friend’s money, give you an over appraised gemstone and part of the proceeds. The individual pyramids keep collapsing, and eventually the whole scam comes tumbling down with millions of losers. You can only make money scamming the people behind you. It is that simple. (exactly the same as Treasure Traders International closed by the High Court of England and collapsed under its own weight in Canada). These are pyramid fraud schemes. CrimeBustersNow has already received complaints of losses of over $14,000 just in the deaf community alone.
dave CrimeBustersNow http://www.crimebustersnow.com
Another CDT victim. He has gone through the whole system with over 2grand and lost it all!!
Richard Coar on February 21st, 2007 at 2:49 pm
MY NAME RICHARD COAR AS I AM DEAF MAN, IS CDT STILL ALIVE ? I PAY $ 2, 240.00 FOR CDT LAST FEBUARY 2, 2006 IS OVER PAST ONE YEAR AND I HAVE NOT GET ANYTHING FROM CDT, WHAT IS SO LONG. I HAVE CALL AND E-MAIL TO CDT MANY MANY TIME AND THEY NEVER REPORT TO ME. MY ID IS, richard59 & grace61 & happycoar & richard592 & coar59 & kris3871 & richard20-1 & grace20-1 . What should I do ? So I did call to cdt office and I need my money back to me, the cdt never report me. The money is belong my. I have been waiting for over one year and two month. oh my, how I can trust the cdt ? is cdt still alive or not work on ?
I have been very work hard to get my cdt diamond and money for me, but still nothing for me, why ? RichardCoar59@aol.com
This is one of 100’s of thousands yet to come. These will be you friends and families, fellow students, co-workers etc.
dave
Email gatoraid@sympatico.ca or call us 905-963-3389 we return your calls toll free in North America and 22 countries world-wide including Australia. You will find it easier to get us than CDT (from the complaints we have received). WE return your calls. JUST DO IT!!!
Is CDT dead now in Maryland? It seems everything about CDT goes fading with the loss of money CDT investors face.
I did my best for several years to warn everyone I could particularly the deaf community where it went like “wild-fire.” There are more of the these frauds coming from Canada.
Finacial Freedom has opened in Flint Michigan. Anthony’s Kitchen from Canada open in Chicago and is a pizza franchise taking individuals for $100,000-$200,000 a pop and in the U.S. $500,-$600,000. There are many of these scams. Don’t get burned!
Please email our Prime Minister about Canadian Diamond Traders and these other Canadian frauds tageting the U.S.
dave
Email gatoraid@sympatico.ca or call us 905-963-3389 we return your calls toll free in North America and 22 countries world-wide including Australia. You will find it easier to get us than CDT (from the complaints we have received). WE return your calls. JUST DO IT!!!
I am Student/Young Proffesional in South Africa. The truth is there are a number of MLM operations around. I have been exposed to a few by friends’ invitation. Recently, I went to a small CDT meeting organized by one of the traders. There were about 15 People, maybe about 7-10 of us were new. It sounded very lucrative but I was already aware of the referral marketing business. More and more people of my age group (25) are getting conned by such businesses in persuit of “quick” money and some with genuine intentions of getting into business.
The CDT presentation was in a small club-house and the atmosphere was interactive. I found myself in this because a freind told me it was an SME presentation, and I have prospects of starting a small business. The man who presented the business plan was very confrontational. He used “fear” marketing. Questions like “Why are you here?”. The expected response was affirmations like “To make money!” or similar. I felt like an outcast when I said “Curious”. He went on saying “If you are not here to make money you can leave, that is what we are here about”
It went on with the known self-maerking such as “Operating worldwide” “Registered with US Chamber of Commerce” etc. The closing remark was “Who will not register for this business after this?” So I raised a hand. I swear the guy would have throttled me if he could, with unkind looks from his associates.
I went to him after the presentation and we talked. He told me he was in the referral marketing for about 16 years. I asked myself wh is he not retired yet? All they promise is tons of cash, early retirement. From my perspective he is about 55 years. He should be spending time with family not presenting some fraudulent business in a cold night in some club house.
These will destroy relationships and leave many broke and destitude. There are many who want to prosper financially, these scams are taking full advantage.
I wish there is a way these can be eliminated here is South Africa.
I have just found this site and reviewed the comments as to CDT and to AmCham Canada. AmCham Canada is an organization of members with bi-national interests between the US and Canada. The only criteria for membership is that a potential member either be a multi-national company of conduct international business. We neither endorse nor base membership on political or business structure nor endorse the business nor business practices of any member. Membership of a company with AmCham should not be construed in any way that AmCham has endorsed or reviewed the business practices of the member and that any person or company considering doing business with the company should not base any decision as to entering into such an arrangement based on membership with the organization.
Unlike some Chambers of Commerce, AmCham is not a Better Business Bureau and hence does not receive, track or comment as to business practices or feedback from those having business dealings with a member.
When any inquiry as to a member is received by AmCham, the response is that we do not comment as to whether the company is a member and make it clear that the inquirer should conduct his own due diligence before entering into any business arrangement including consulting with counsel. We want it clear to anyone considering entering into an arrangement with CBT that membership with AmCham does not in any way make the company or any member creditable nor do we endorse the business not business practices of the company.