Woman fined for pyramid scheme

Dyer was ordered to pay a $50,000 fine in lieu of forfeiting her family home. Court heard that she pumped some $123,000 into renovations - including the addition of a three-car garage - on the house where she grew up.

The Toronto Star
June 13, 2001

Woman fined for pyramid scheme
Peter Edwards

BARRIE - Sandra Dyer called her investment scheme the Muffin Club and Women Helping Women, but court heard yesterday that it was really a woman defrauding women.

Dyer, 43, declared her annual income as just $9,000 in the late 1990s; at the same time she managed to spend some $264,000 - mostly in cash - in a single year, thanks to illegal gains from a pyramid scheme that preyed on women, Crown Attorney Ann Tierney told Judge Ann Earle-Renton of the Ontario Court of Justice.

Dyer, who filed for bankruptcy in 1997, handed a 1999 Chevrolet truck and a 1997 Ford Taurus over to Barrie police yesterday after pleading guilty to money laundering and fraud.

The vehicles were considered proceeds of crime, but the judge did not order her to hand over a 51-inch television she also purchased.

Dyer said nothing during the sentencing hearing, slouching in her chair. Some of her victims scowled at her in the courtroom.

Dyer was ordered to pay a $50,000 fine in lieu of forfeiting her family home. Court heard that she pumped some $123,000 into renovations - including the addition of a three-car garage - on the house where she grew up. She lives there with her 74-year-old mother, sister and two teenaged nephews.

Her Internet scheme collected money from some 3,000 women across southern Ontario. They were promised they would always be able to recoup their initial $5,000 investments, court heard.

Dyer went into hiding in late 1999, when investors called for information and their money, Tierney said.

Copyright (c) 2001 Toronto Star, All Rights Reserved.


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