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 ...

DENVER (KDVR) — Federal officials said a Fort Collins man was one of three people sentenced Monday for founding and operating a Wyoming corporation called “8 Figure Dream Lifestyle” as an illegal ...

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.

Asue Ighodalo, gubernatorial candidate of the Peoples Democratic Party in Edo State, has filed a N20 billion defamatory suit against Senator Adams Oshiomhole over comments on a pyramid scheme. The ...

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 ...

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 ...

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 ...