Dion Guillaume, global head of public relations and communication at Gate.io, a cryptocurrency trading platform, classifies ...

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 ...

People have strong, often negative, feelings about corporate America. Some think it’s a scam, and others dislike that they've ...

Recently, a fellow entrepreneur brought a business proposal to me, and when I told him that he is about to be caught in a “Ponzi” sting, a type of a pyramid scheme, he was annoyed. He defended the ...

During 1996-97, Albania was convulsed by the dramatic rise and collapse of several huge financial pyramid schemes. This article discusses the crisis and the steps other countries can take to prevent ...

For the best experience, please enable JavaScript in your browser settings. Jane Musimbi lost Sh31m to the schemes in 2006. The staggering financial losses Kenyan ...

A Ponzi scheme is similar to a pyramid scheme in that both use new investors' funds to pay earlier backers. A pyramid scheme usually relies on rewarding early participants to recruit more ...

Musimbi (pictured) not only lost over Sh31 million to the pyramid schemes; she also lost a brother, Elphas Kimiywi, who was thrown off the eighth floor of a city high-rise building by enraged ...

These pyramid schemes spread on social media ... and of course it’s fun to receive,” reads one version of the popular scam cited by Snopes. The problem? People who fall for it end up shipping ...

Questions are being raised about TIENS, a Chinese company that sells medical products after the Central Bank (CB) relaunched its anti-pyramid scheme ad-campaign recently in the media, but TIENS ...

Abstract: What lessons can be drawn from the unprecedented growth and spectacular collapse of financial pyramid schemes in Albania? This paper discusses the origins of the pyramid schemes and the way ...