Authorities say Olena Oblamska was one of the founders of Forsage, a cryptocurrency platform allegedly used as part of a ...

Peter Schiff, who has used a Ponzi-style framing for the sixth time in five weeks, said Bitcoin is a “pyramid scheme” and “today’s buyers are tomorrow’s bag holders.” ・Large Bitcoin transactions over ...

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 ...

Forsage co-founder Olena Oblamska was extradited from Thailand and pleaded not guilty to wire fraud conspiracy in the $340M ...

Setting up a Ponzi scheme is easy. You promise handsome returns and foolhardy investors give you their money accordingly — and then you pay these investors out based on the deposits of further ...

Most of us have probably heard of Ponzi schemes or pyramid schemes. If you are familiar with these terms, you are likely thinking, like most people, that they would be easy to spot, thanks to the ...

LITTLE ROCK (KATV) — The Arkansas and Texas attorneys general, along with the Federal Trade Commission (FTC), are suing the operators of an alleged pyramid scheme known as "Blessings in No Time.

A central Alberta man accused of bilking investors of $10.2 million in Canada and the U.S. in a pyramid scheme is to face a trial next year. South Korea aims to win Canada’s sub bid with showcase of ...

From the earliest days of commerce to the modern digital economy, the promise of quick wealth has remained one of humanity’s most enduring temptations. Long before the rise of the internet and ...

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 ...