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 ...

BISHKEK -- A doomed pyramid scheme has again fooled hundreds of people into thinking they could earn unreasonably high profits very easily. Several people have been arrested in connection with what ...

MOSCOW (Reuters) - The pitch from the pyramid scheme sweeping Russia has undeniable appeal: make money and make the world a better place, it says. Like thousands of others, Roman Vorobyev believed the ...

Eleven people were charged with creating and promoting a cryptocurrency-based pyramid scheme that authorities said drew more than $300 million from retail investors worldwide. The U.S. Securities and ...

An affidavit in support of seizure warrant and FBI sources have identified several assets owned by William and Connie Apostelos and their companies: The companies Apostelos used in the alleged scheme ...

The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations ...

Pyramid schemes are nothing new. For example, in the 1920s, Charles Ponzi promised investors high returns on postal reply coupons, using the money from new investors to pay returns to earlier ...