B.C. Mounties are investigating complaints from several clients who claim that hundreds of thousands of dollars they invested in a Burnaby firm have simply disappeared.

Paula Cryderman says she has invested more than $300,000 with Global Wealth Creation Opportunities since 2008, even taking out a mortgage on her West Kelowna home.

For a year, she received cheques for as much as $12,000, but in August 2009, the money stopped coming in.

She says she called the firm's director, Tom Williams, to ask what happened.

"They just said, ‘We had a little glitch, shouldn't be a problem, we're working on it, we're going to get the money to you,'" Cryderman told CTV News.

More than a year later, she's still waiting for answers. In the meantime, her credit card bills have racked up and she's declared personal bankruptcy.

"After a life time of earning and saving, I have lost everything except the roof over my head and the car in my driveway," she said.

Cryderman's history with Global Wealth Creation began with promises of fantastic returns on investment -- four per cent a month, and 48 per cent per year. She says she was told the dividends would be paid monthly and her money would be invested in European bonds.

"I was told this was a secure investment -- incredibly safe," she said.

She started with an initial investment of $50,000, and began pumping in more money as the returns started rolling in. Her statements show that she was making four per cent returns per month.

Cryderman had a document showing that she could withdraw her money and get it returned within 60 days. When the payments started coming later each month, she says she got nervous and asked to withdraw all the money. She says the company promised to do so but never did.

The firm's website says it coaches customers to cross their "financial freedom threshold" and even includes a testimonial endorsing Williams written on stationery with the letterhead of Hillcrest Elementary in Surrey.

But Cryderman isn't the only person crying foul over Global Wealth Creation. The firm is also named in a legal fight involving a Kelowna couple, who allege that the investment scheme was "a fraudulent Ponzi scheme designed to defraud investors of money."

And numerous investors have taken their concerns to the BC Securities Commission and the RCMP.

Mounties are looking into the allegations, and say that anyone with a complaint can contact them at this email address: globalwealth@rcmp-grc.gc.ca. The BCSC will not confirm or deny whether it is looking into the complaints.

Williams refused requests by CTV News for an interview. His company's registered address at a Burnaby industrial park shows no sign of the firm, and the landlord says there was never a lease with Global Wealth Creation. No one answered the door at Williams's home in Cloverdale.

However, CTV News has obtained emails from former Global Wealth Creation promoters sent to investors in an attempt to keep them informed.

One former promoter said that Williams may have been duped by questionable business partners. A bulletin to investors reads: "Tom will not be immune from investigation, but the attention needs to be turned to Malcolm Stevenson and Milowe Brost."

Both men are currently charged with fraud in connection with other alleged Ponzi schemes.

With a report from CTV British Columbia's Mi-Jung Lee