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

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

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 ...

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 federal jury in Texas has convicted LaShonda and Marlon Moore, the couple behind “Blessings in No Time,” for running a ...

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

KANSAS CITY, Mo. (KCTV) - The founders of a supposed marketing company that was revealed to be an illegal pyramid scheme that swindled $23.5 million from members have been sentenced to prison. The U.S ...

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.