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

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 ...

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 ...

The Central Bank of Sri Lanka has started a special awareness campaign called “Anti-Pyramid National Awareness Week” from July 14 to 18, 2025. The theme is “Pyramid is a trap – don’t get into the ...

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 ...