A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of ...

Kenyans protest after being conned by pyramid schemes. After waiting for years, the High Court on Thursday dashed the hopes of victims of multi-billion shilling pyramid schemes to recover their money.

A gripping new documentary miniseries is bringing attention to multilevel marketing platforms. "LuLaRich," available on Amazon Prime, chronicles the story of LuLaRoe, a clothing empire famous for its ...

Three masterminds of a pyramid scheme were sentenced for founding and operating the scam that cost investors 23 million dollars. The trio was named Alex Dee, of Texas, Brian Kaplan, of Colorado, and ...

Ponzi and pyramid schemes depend on new money and recruitment to survive. These schemes promise returns from new participants, not real economic activity. Bitcoin does not require recruitment or ...

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Scammers want you to believe they're offering you a legitimate money-making opportunity. Seniors are seen as prime targets due to the potential that they have money saved for retirement. If an ...

The Better Business Bureau is warning of a pyramid scheme that promises easy money via a “Blessing Loom.” According to the BBB, victims of the scam receive direct messages through social media – most ...

Co-operatives Minister Joseph Nyagah has sounded the alert over re-emergence of pyramid schemes. Mr Nyagah said his ministry would not allow the registration of micro-finance societies, which did not ...

BANGKOK (Reuters) - Thai police have arrested 18 people and seized luxury goods after receiving nearly 5,600 complaints about an alleged pyramid scheme, saying on Monday they estimate investors have ...