Officials say a federal grand jury in Milwaukee convicted two Chicago adults of running illegal multimillion-dollar pyramid ...

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 ...

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 ...

The Central Bank (CBSL) yesterday announced that investigations had identified 24 companies and applications operating prohibited pyramid schemes. In a public notice issued under Section 83C of the ...

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 ...

Mangaluru: Student organisations ABVP and NSUI cautioned students against falling prey to chain marketing and pyramid schemes ...