by Linda Straker
- Grenadians began heavily investing in Creators Alliance in 2024
- CSIRT Grenada posted first warning about Creators Alliance on 9 January 2025
- Ponzi schemes targeting Grenadians include Ride Bnb, Rain BnB and BullionX
The Financial Intelligence Unit (FIU) of Grenada has confirmed that it is actively investigating a suspected Ponzi scheme that has led to serious financial losses for individuals across the country.
“If you believe you or someone you know may have been affected, please report it immediately,” said a FIU press release disseminated through the Government Information Service (GIS) on 3 April. The FIU said that members of the public were promised high returns on their investments.
“They were encouraged to recruit others, with a promise of earning more through referrals. This is a classic sign of a Ponzi scheme, where new investors’ money is used to pay earlier ones — not from real profits,” said the release.
Before the FIU release, on 2 April 2025, the Office of the Prime Minister issued a Public Advisory calling on the general public to be aware of internet scams. “The Office of the Prime Minister is urging the public to remain vigilant against the increasing number of internet scams targeting Ministers of Government, public officers and businesses,” said the release.
“Scammers are increasingly using sophisticated tactics and AI tools to exploit unsuspecting victims online. Protect yourself by being informed and cautious,” the release added. Grenada has had several Ponzi schemes targeting nationals in recent months, according to the Cyber Security Incident Response Team (CSIRT) at the Ministry of ICT, Grenada.
On 9 January 2025, the CSIRT issued an advisory warning Grenadians to be aware of ongoing recruitment drives by individuals involved in Creators Alliance to get unsuspecting Grenadians to join its platform. On 15 January, the CSIRT issued another release describing Creators Alliance as a multilevel marketing Ponzi scheme.
Multilevel marketing is the practice of selling goods or services on behalf of a company in a system where participants receive commission on their sales and the sales of any participants they recruit. It is sometimes called referral marketing.
Jervis Dabreo of the CSIRT Grenada said on 3 April that, based on investigations, Grenadians began heavily investing in Creators Alliance in 2024, but internet research has shown that the scheme began in 2020. “We began investigating Creators Alliance in late 2024 and posted the first warning on 9 January 2025.” Dabreo confirmed that more than 1,000 Grenadians are affected by the scheme in which investments ranged from hundreds to thousands in United States currency.
Grenadians representing different professions, including healthcare professionals, teachers, and police officers, and a wide cross of Evangelicals and other faith-based organisations have lost millions by investing in Creators Alliance.
When asked where Creators Alliance was headquartered, Dabreo said that internet investigations remain unclear as to the home location of the scheme. “Each island had a different website address. What was provided to the people in Grenada is different to what was provided to the people in St Vincent or the people in the other islands.”
The Creators Alliance is not the only Ponzi scheme targeting Grenadians. The CSIRT has published other online entities, including Ride BnB, Rain BnB and BullionX.
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