Crypto pyramid schemes rely on recruits’ investments rather than legitimate products. Only a few people at the top benefit, and when the scheme collapses, most investors lose money. Pyramid ...

Insurance—particularly home insurance in hurricane-prone areas—has long been a prime example of such a scheme. In the past weeks of hurricanes, when the winds cause catastrophic destruction and the ...

Participants are then guided through online meetings that outline the potential for earning commissions ... The CCAA has instructed all promoters to cease recruitment of new members immediately and to ...

EVATON.- The Evaton police have raised concerns over the increasing number of complaints related to fraudulent pyramid schemes in the area. These schemes, which falsely promise quick and high ...

BANGKOK - Thai police have arrested 18 people, including three celebrities, and seized luxury sports cars and millions of dollars in connection with a pyramid scheme selling health and dietary ...

“The aim is for authorities to prosecute team leaders at every level of a pyramid scheme, and penalties are proportionate to the damage caused,” he said. The deputy finance minister also said ...

The iCon Group is also accused of being a pyramid scheme since it recruits new members instead of selling products and services. The main reason iCon Group has gotten so much attention is because ...

A Republican candidate in a competitive North Carolina Senate race is targeting her opponent with claims she scammed consumers as part of an illegal pyramid scheme shut down by the Federal Trade ...

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 ...

Get-rich-quick schemes that rely on pyramid donations are to be outlawed, ministers have announced. People are offered handsome returns on gifts that can run in to thousands of pounds. But the ...

The government is expediting the drafting of amendments to close loopholes in several related laws in a bid to further combat pyramid-like schemes, Deputy Finance Minister Julapun Amornvivat said ...