Ponzi and pyramid schemes are both forms of financial fraud that share many characteristics. However, there are distinct differences in how they operate.

Russian organizers of financial pyramid schemes are now often pretending to be brokers offering victims to earn money on ...

A federal jury convicted a Frisco couple of conspiracy, wire fraud, and money laundering in a $25 million pyramid scheme tied to the COVID-19 pandemic.

A federal jury in Texas has convicted LaShonda and Marlon Moore, the couple behind “Blessings in No Time,” for running a ...

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 ...

More than 10,000 people were defrauded during the COVID-19 pandemic.

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 ...

A married couple from Texas has been convicted of masterminding a multimillion-dollar pyramid scheme that promised massive ...

The North Texas couple behind a multimillion-dollar pyramid scheme who targeted the African-American community has been found guilty by a federal jury in Sherman. LaShonda and Marlon Moore were each ...

Australian money manager John Hempton has called the battle between investor Bill Ackman and nutritional-supplement company Herbalife “hedge-fund porn.” There is indeed something vaguely obscene about ...