Officials say a federal grand jury in Milwaukee convicted two Chicago adults of running illegal multimillion-dollar pyramid ...

Ponzi and pyramid schemes depend on new money and recruitment to survive. These schemes promise returns from new participants, not real economic activity. Bitcoin does not require recruitment or ...

Scammers want you to believe they're offering you a legitimate money-making opportunity. Seniors are seen as prime targets due to the potential that they have money saved for retirement. If an ...

A man and woman from Illinois will serve prison time after being convicted of running multimillion-dollar pyramid schemes in at least four ...

Add Yahoo as a preferred source to see more of our stories on Google. In case you don't know, BuzzFeed has a daily word game called Pyramid Scheme. BuzzFeed It's a daily puzzle with 15 letters, and ...

The Better Business Bureau is warning of a pyramid scheme that promises easy money via a “Blessing Loom.” According to the BBB, victims of the scam receive direct messages through social media – most ...

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. The U.S ...

A gripping new documentary miniseries is bringing attention to multilevel marketing platforms. "LuLaRich," available on Amazon Prime, chronicles the story of LuLaRoe, a clothing empire famous for its ...

Only 7% of LAist readers currently donate to fund our journalism. Help raise that number, so our nonprofit newsroom stays strong in the face of federal cuts. Donate now. Bernard Madoff's scheme has ...

Three masterminds of a pyramid scheme were sentenced for founding and operating the scam that cost investors 23 million dollars. The trio was named Alex Dee, of Texas, Brian Kaplan, of Colorado, and ...