Investopedia explains pyramid schemes, how they work, their different forms, and how people can avoid these fraudulent money traps.

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

A federal jury convicted a Frisco couple of conspiracy, wire fraud, and money laundering in a $25 million pyramid scheme tied ...

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 ...

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

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

A reality show couple from North Texas has been convicted by a federal jury in connection with a multi-million dollar pyramid ...