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.

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 dubbed "Cryptoqueen" was jailed in the UK for 11 years after defrauding 128,000 investors in a £5B Bitcoin Ponzi scheme, the country's largest crypto seizure.

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

This time, the Guardia Civil, the state security force, stated that it had arrested crypto influencer Álvaro Romillo, also ...

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

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

Authorities allege that it was a massive fraud, a Ponzi scheme that bilked investors out of more than $400 million. A lawyer for the man accused of masterminding the scheme calls the allegations false ...

Operatives of the Economic and Financial Crimes Commission have arrested the Chief Executive Officer of Gavice Logistics Limited, Ahamba Tochukwu, for allegedly defrauding several investors in his ...