A Brazilian court has jailed three men for their involvement in a cryptocurrency Ponzi scheme where they stole about $190 ...

Pyramid schemes, meanwhile, rely on continuous recruitment ... And even if a distributor were clearing 70% of their inventory in a given month, the “financial freedom” offered by many MLMs ...

Get-rich-quick schemes that rely on pyramid donations are to be outlawed ... Now those who set up or profit from the chain gift schemes face six month in jail or a £5,000 fine.

In early 1996, two new pyramid schemes—Xhafferi and Populli—were created, and an already existing scheme that had no real investments—Sude—stepped up its activities, offering interest rates of 12-19 ...

Three years later, MBI Group International introduced a pyramid scheme called MFC, promoting it as a platform for a digital ...

A Ponzi scheme is a type of financial fraud in which the "success" of the entity is propped up by paying returns to initial investors from the money invested by subsequent investors. A pyramid ...

The Securities Commission asserted that investigations have revealed Creators Alliance appears to be operating as a multi-level pyramid scheme ... of six or seven months.