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

今日はいわゆる「ねずみ講」「マルチ商法」は英語でなんと言うのか、ご紹介します！ ねずみ講は英語でpyramid schemeです。 お休みの日に海外ドラマを見ていたら出会った言葉です。 ちょっと頭の隅に入れておくと、いつか役立つかも。 The gang members were ...

Since the Fair Trade Commission (FTC) recently unveiled information on 124 multi-level marketing companies in Korea, controversy has sprung up again over such firms as Amway and Herbalife. Although ...

They say a sucker is born every minute! In the Sri Lankan case it must be ‘every second’ given the way people are very quickly sucked into ‘get rich’ schemes particularly through the Internet and ...

India's cryptocurrency space has seen mad growth and shocking fraud in recent times. While blockchain is the promise of decentralization and transparency, it has also been a rich breeding ground for ...

A federal jury in Texas has convicted LaShonda and Marlon Moore, the couple behind “Blessings in No Time,” for running a multi-million-dollar pyramid scheme during the COVID-19 pandemic.

On the 23rd, it was reported that Joo Soo-doo, former chairman of the JYU Group and the main culprit in the '2 trillion won pyramid scheme' case, recently lost a lawsuit concerning equity in a Chinese ...