What Is a Pyramid Scheme? A pyramid scheme is a fraudulent investment where participants make money primarily by recruiting new investors rather than from legitimate businesses. Technology and ...

The US Securities and Exchange Commission yesterday filed a lawsuit against 11 people accused of creating and promoting a crypto pyramid and Ponzi scheme known as "Forsage." The fraudulent scheme ...

U.S. authorities charged 11 people in an alleged international cryptocurrency Ponzi and pyramid scheme that conned millions worldwide to invest more than $300 million on the Forsage platform ...

T hree individuals were sentenced to prison for their roles in running a fraudulent pyramid scheme that left thousands of victims with over $23 million in losses. The scheme, known as “8 Figure ...

Forex is not a pyramid scheme. Forex trading is a legitimate global market where currencies are bought and sold based on supply and demand, and it operates through decentralized exchanges ...

DJ ASAP ("Always Serve A Purpose”), a.k.a. Marlon Moore (left), and his wife, LaShonda, are being sued for operating an alleged pyramid scheme called “Blessings in No Time.”(Courtesy of ...

A Ponzi scheme is similar to a pyramid scheme in that both use new investors' funds to pay earlier backers. A pyramid scheme usually relies on rewarding early participants to recruit more ...

BANGKOK, Oct 21 (Reuters) - Thai police have arrested 18 people and seized luxury goods after receiving nearly 5,600 complaints about an alleged pyramid scheme, saying on Monday they estimate ...

KANSAS CITY, Mo. (KCTV) - The founders of a supposed marketing company that was revealed to be an illegal pyramid scheme that swindled $23.5 million from members have been sentenced to prison.

Elon Musk and Tesla Inc. won dismissal of a lawsuit claiming they pumped up the price of the cryptocurrency Dogecoin into a $258 billion “pyramid scheme.” Investors who lost tens of thousands ...