Russian organizers of financial pyramid schemes are now often pretending to be brokers offering victims to earn money on investments in crypto and traditional assets. Sberbank, Russia’s largest ...

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

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 ...

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 ...

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.

KANSAS CITY, Mo. (KCTV) - The founders of a supposed marketing company that was revealed to be an illegal pyramid scheme that swindled $23.5 million from members have been sentenced to prison. The U.S ...

New York Attorney General Letitia James has filed suit against two purported crypto companies and their top promoters, a married couple, for allegedly operating two consecutive pyramid schemes that ...

“Wanna swim in cash?” The first season of the podcast “The Dream” starts by asking the listener this question. This is the ploy many people who sell the fantasy of wealth for a multi-level marketing ...