Ponzi and pyramid schemes are both forms of financial fraud that share many characteristics. However, there are distinct differences in how they operate.

The Better Business Bureau is warning of a pyramid scheme that promises easy money via a “Blessing Loom.” According to the BBB, victims of the scam receive direct messages through social media – most ...

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

The Better Business Bureau (BBB) has issued a warning about Lightning Shared Scooter Company LLC (LSSC), which the consumer protection group alleges is operating as a pyramid scheme. LSSC has been ...

A Texas pyramid scheme conviction has exposed the full scope of the ‘Blessings in No Time’ operation after a federal jury found a North Texas couple guilty of running a […] ...

A 13-year search for justice by close to 40,000 victims of the country’s biggest pyramid scheme scam yesterday ended in yet another heartbreak.

A federal jury convicted a Frisco couple of conspiracy, wire fraud, and money laundering in a $25 million pyramid scheme tied to the COVID-19 pandemic.

The cost of living in Malaysia isn’t exactly slowing down. From groceries to Grab rides, everything feels a little more expensive. So it’s no surprise that more and more Malaysians are jumping into ...

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 ...

Nigeria's SEC seeks police support to intensify its clampdown on Ponzi schemes, crypto scams, and other investment fraud to ...