Saskatchewan has issued a warning about what it calls a bogus investment scheme.

The province’s energy and resources minister Bill Boyd warned the public about an alleged investment opportunity called “Crown Revenue Distributions” or “CRDs” being promoted through an Internet newsletter called Wealth Daily.

“I want to state as clearly as I can CRDs are not a program of the government of Saskatchewan,” Boyd said. “They are not government-authorized as Wealth Daily claims. They are neither sanctioned nor endorsed by the government of Saskatchewan. The information presented through Wealth Daily on June 21 is inaccurate in some places and completely misleading in others. It should not be mistaken for a government program. It is not.”

It notes that the Ministry of Justice has been asked to review the document and assess the legality of the representations it makes.

“Saskatchewan offers an abundance of good investment opportunities,” Boyd said. “Crown Revenue Distributions or CRDs is not one of them.”