In the world of multilevel marketing (MLM) the only “sales” that are recorded are the purchases made by each seller, ...

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

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

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 Texas pyramid scheme conviction has exposed the full scope of the ‘Blessings in No Time’ operation after a federal jury ...

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

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 ...

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 ...

Most Americans have been aware for some time that multi-level marketing schemes are bad — either through recent books or documentaries like LuLaRich. But did you know exactly how bad? Bridget Read, ...

Big names were mentioned in Parliament over the get-rich-quick pyramid schemes that collapsed with Sh34 billion belonging to Kenyans and drove at least 20 people to suicide. The wife of Trade Minister ...