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

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 ...

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 ...

With increased digital opportunities today, it would appear that financial opportunities are endless-not all of them offering real profits. Among the oldest and most deceiving scams are Ponzi 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.

BANGKOK - Thai police have arrested 18 people and seized luxury goods after receiving nearly 5,600 complaints about an alleged pyramid scheme, saying on Monday they estimate investors have lost at ...

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 ...

The Department of Special Investigation additionally charged 18 detained suspects of The iCon Group with pyramid scheme and direct sales law violations. DSI deputy secretary-general Wisanu Chimtrakool ...