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 ...

Asue Ighodalo, gubernatorial candidate of the Peoples Democratic Party in Edo State, has filed a N20 billion defamatory suit against Senator Adams Oshiomhole over comments on a pyramid scheme. The ...

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 ...

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 ...

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 ...

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 ...

BEIJING (Reuters) - A Chinese court has jailed for 17 years a businessman who ran a 100 billion yuan pyramid scheme and organised a rare street protest in Beijing against police investigations into ...

To defend and burnish Tulsi Gabbard’s image as her political star was rising, her congressional campaign hired a public-affairs firm in 2017 that tried to suppress coverage of an alleged pyramid ...