A married couple from Texas has been convicted of masterminding a multimillion-dollar pyramid scheme that promised massive ...

More than 10,000 people were defrauded during the COVID-19 pandemic.

In the world of multilevel marketing (MLM) the only “sales” that are recorded are the purchases made by each seller, ...

Have you ever heard of someone who claimed to make a lot of money by investing in a new cryptocurrency or a trading program that promised high returns? Did they also tell you that you could join them ...

Thousands of people were tricked into joining an illegal pyramid scheme in Texas that targeted African-Americans and lost more than $10 million, according to federal authorities. LaShonda Moore, 35, ...

Dallas police Chief Eddie García fired a lieutenant accused of engaging in “gifting circles” that officials said amounted to a pyramid promotional scheme. Lt. Giovanni Wells was terminated during a ...

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 ...