The Secret Sister gift exchange may look festive, but it's an illegal pyramid scheme that resurfaces every holiday season. Learn how these scams including the BIMT scheme operate.

Every time the world is more divided between those who trust Bitcoin as a good investment, and those who do not believe even a bit in it. In the second group is the economist Nassim Taleb, who ...

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 ...

Scammers frequently mimic legitimate charities during the holidays, hoping to exploit people’s generosity. They may use names ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. A secret Santa-inspired scam is making its ...

Nov 20 (Reuters) - Thousands of Colombians have lost life savings in pyramid schemes that exploded in a wave of rioting and bankruptcies this month. The accused boss of another financial scheme has ...

Those who swindled unsuspecting Kenyans Sh34 billion in pyramid and Ponzi schemes will be known tomorrow in Parliament. The report, containing names of people involved in 169 schemes including 16 ...

A BRITISH court overnight found a man guilty of defrauding thousands of investors out of 34 million pounds ($56 million) through a series of pyramid scams. Kevin Foster, 51, who promoted his "KF ...

For the best experience, please enable JavaScript in your browser settings. A 13-year search for justice by close to 40,000 victims of the country’s biggest pyramid ...

BEIJING (Reuters) - The death of a young Chinese university graduate who fell victim to a pyramid scheme on a job-seeking website has made national headlines and sparked an outpouring of sympathy and ...