A “pyramid scheme,” “worth nothing,” and “not reliable”—cryptocurrencies have been given a scathing review by top officials gathering in Davos, Switzerland, for the World Economic Forum’s 2022 meeting ...

Both Ponzi and pyramid schemes have been reinvented over the years, but at the core of each is essentially the same devious deceit-paying new investors with money from old investors.

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 ...

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 scheme would ...

An elaborate pyramid scheme masquerading as a gift giving system, complete with fake birthday parties, was busted in London, Ont. on Monday, according to police. Officers from the London Police ...

Colombo Fort Magistrate Isuru Nethikumara on Wednesday (29) ordered the re-remand of seven suspects, including the Managing ...

Ponzi schemes pay out early investors with money from later investors. They differ from pyramid schemes in that Ponzi schemes are presented as investments with large returns, rather than business ...