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

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 ...

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 ...

A Ponzi scheme is a type of financial fraud in which the "success" of the entity is propped up by paying returns to initial investors from the money invested by subsequent investors. A pyramid scheme ...

Authorities in Pacific Islands countries are currently warning about pyramid schemes being promoted to their citizens on ...

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 ...

The FINANCIAL — An indictment was unsealed yesterday charging a U.S. citizen residing in Canada for orchestrating a multimillion-dollar pyramid scheme under the name 8 Figure Dream Lifestyle LLC (8FDL ...

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 ...

PORTLAND, Ore. (AP) — Herbalife Ltd.’s shares fell sharply for the second day on hedge fund manager William Ackman’s allegations that the nutritional supplements company is a pyramid scheme. The ...