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Instead of receiving a grand prize or fortune, you will lose every cent that you send to a scammer. Even worse, many of these scams are designed SPECIFICALLY to steal your banking and other personal information… after which the fraudsters cash in by stealing from you or holding your data for ransom.One of the best ways to combat this kind of fraud is to take measures to prevent yourself from being caught in the first place.If you want to stay on top of scams, inform yourself on how to recognize the various types of scams and protect your personal information by visiting law enforcement organizations' websites, the Canadian Anti-Fraud Centre or other reputable organizations.Although pyramid schemes are often cleverly disguised, they make money by recruiting people rather than by selling a legitimate product or providing a service.Pyramid schemes inevitably collapse and you will lose your money.