Federal prosecutors said the pair used livestreams and community trust to lure thousands into an illegal chain‑referral operation.

Marlon and LaShonda Moore of Frisco were each sentenced to 40 years in federal prison for operating a pyramid scheme that prosecutors said bilked more than 10,000 people across th ...

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 ...

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 ...

The Zerodha founder said he had assumed such scams were largely a thing of the past, only to discover that pyramid schemes continue to proliferate across India.

Frisco couple sentenced to 40 years for a pyramid scheme that defrauded 10,000+ Americans of $30 million during COVID-19.

If you've spent years strategizing how you'll retire, scammers consider you a prime target. While they might not be able to con a 21-year-old out of much, they suspect you have plenty of money put ...

A Fort Collins man determined to be one of three founding members of a nation-wide pyramid scheme that took more than $23 million from its investors was sentenced recently to prison time and millions ...

The Delhi Police's EOW arrested Mohd Nazim for an alleged illegal pyramid scheme run via a fake NGO. He and associates ...

Pyramid schemes are nothing new. For example, in the 1920s, Charles Ponzi promised investors high returns on postal reply coupons, using the money from new investors to pay returns to earlier ...