Both Ponzi and pyramid schemes have been reinvented over the years, but at the core of each is essentially the same devious deceit-paying new investors with money from old investors.

A Chinese woman dubbed "Cryptoqueen" was jailed in the UK for 11 years after defrauding 128,000 investors in a £5B Bitcoin ...

Ponzi schemes pay out early investors with money from later investors. They differ from pyramid schemes in that Ponzi schemes are presented as investments with large returns, rather than business ...

A Chinese woman has been sentenced to over 11 years in prison in Britain for laundering money from a major scam in China.

A Chinese woman who was found with £5bn ($10bn) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi ...

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 ...

Walterman Beling’s elaborate scam defrauded hundreds, moving millions through businesses, casinos, and fake investments over years.

Chinese 'Cryptoqueen' Zhimin Qian sentenced to 11+ years in UK for a £5 billion Bitcoin Ponzi scheme, defrauding 128,000 ...

After Chinese officials began investigating her operations, Qian fled to the United Kingdom using a false identity. Once ...

A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in ...