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 ...

A pyramid scheme is a fraudulent investment where participants make money primarily by recruiting new investors rather than from legitimate businesses. Technology and terminology have evolved from ...

Associate Commissioner Joseph Liava'a says pyramid schemes often thrive in close-knit communities, including churches, because of the trust which exists within these groups. The Commission took ...

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 ...