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 DOGE leader said, “Social Security is the biggest Ponzi scheme of all time.” Social Security converts wages from workers into retirement income for people who have claimed their Social ...

Social media was abuzz on Friday following concerns about the operations of CBEX, a digital asset trading platform, with several users warning that it shows signs of being a Ponzi scheme. On ...

A Brazilian court has sentenced three executives behind the collapsed crypto scheme Braiscompany to a combined 171 years in prison, concluding one of the country’s largest crypto fraud cases to ...

Many Nigerians are currently lamenting the loss of their investments in a suspected Ponzi scheme operated by CBEX. SaharaReporters reported that angry investors stormed the firm's office in Ibadan ...

Elon Musk was recorded in a podcast saying that Social Security “is the biggest Ponzi scheme of all time,” (“Elon Musk turns focus on Social Security, calls it ‘biggest Ponzi scheme of all ...

PETALING JAYA: The Royal Malaysia Police has confirmed that there will be several more arrests in the near future following the uncovering of a fraudulent investment scheme based on the Ponzi ...

According to Nigeria’s Securities and Exchange Commission, three million Nigerians lost N18bn when the popular Ponzi scheme, Mavrodi Mundial Movement, aka MMM, crashed in 2016. As of 2022 ...

A Brazilian court has reportedly sentenced Joel Ferreira de Souza, the lead launderer behind the Braiscompany cryptocurrency Ponzi scheme, to an unprecedented 128 years, 5 months, and 28 days in ...