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Canadian company at the centre of alleged international pyramid scheme

Foreign governments say hundreds of thousands of people in Bangladesh and Sri Lanka lost savings to Metaverse Foreign Exchange, headquartered in Ontario.

Zak Vescera
Zak Vescera, Adrian Ghobrial

24 Jul 2024 • 12 min read

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A large yellow logo centred around a capital "M" is shown in front of a blue outline of a globe.
Metaverse Foreign Exchange Inc. is alleged to have defrauded hundreds of thousands of victims in Sri Lanka and Bangladesh out of roughly US$2.7 billion. (Illustration by CTV News)

Zak Vescera
Zak Vescera

Zak is a Vancouver-based reporter focusing on white-collar crime in British Columbia. He previously reported for The Tyee and The Saskatoon StarPhoenix.

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