Get-rich-quick schemes that rely on pyramid donations are to be outlawed, ministers have announced. People are offered handsome returns on gifts that can run in to thousands of pounds. But the ...

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 ...

By the time the lid on the pyramid schemes opened, they had Sh5.2 billion. The government moved in, froze accounts of the outfits and transferred the money to the Central Bank of Kenya.

While not illegal by definition, many MLMs have become infamous for their controversial business practices—and others have been revealed to be little more than illegal pyramid schemes.

As the New York magazine journalist Bridget Read documents in her gripping and instructive new history, “Little Bosses Everywhere: How the Pyramid Scheme Shaped America,” they have to be ...

Steynberg faced extradition for his role in the Mirror Trading International (MTI) pyramid scheme. MTI was a Bitcoin-based network marketing scam that began in South Africa in 2019 and drew in ...

Video / NZ Herald, AFP A South Auckland trio have been fined for their involvement in a pyramid scheme which targeted the Pasifika community through traditional cash-based gifting. An estimated ...

The Securities Commission asserted that investigations have revealed Creators Alliance appears to be operating as a multi-level pyramid scheme, with participants charged to bring new persons into ...