Mirror Trading International (MTI) was the biggest pyramid scheme ever operated in South Africa. It launched in 2019 and drew in members worldwide by promising average monthly returns of 10%.

Biggest pyramid scheme in South African history — CEO sits in Brazilian ... The scheme promised to grow members’ bitcoin with monthly yields averaging 10% and offered a way for participants ...

A Pyramid Scheme Example . People across the U.S. received an offer from a brokerage in 2023 and 2024 to invest with a crypto trading bot that could generate 13.5% monthly returns.

ALSO READ: How to spot a Ponzi or pyramid scheme Mudau said a warrant was subsequently obtained on about 2 August 2013 in terms of the Inspection of Financial Institutions Act to enter Duma’s ...

One of the biggest hallmarks of a pyramid scheme is a complex commission structure. Unless commissions are based on products or services you or your recruits sell to people outside the program, be ...

DOGE cost-cutter-in-chief Elon Musk likened the U.S. retirement system to a pyramid scheme during a podcast with Joe Rogan, ...

On Tuesday, OneCoin crypto pyramid scheme co-founder Sebastian Karl Greenwood, 46, was sentenced to 20 years in jail by a court in New York for promoting a $4.3 billion global crypto scam.

The estate of a woman linked to what is said to be “South Africa’s biggest pyramid scheme” has been placed in provisional sequestration by the High Court in Johannesburg.