One example of a crypto pyramid scheme is Forsage, which was launched in 2020 and raised more than $300 million from millions of investors worldwide.

Godlewski, being at the top of the pyramid for the metal sales scheme, is set to make out like a bandit.

Pyramid schemes, according to the U.S. Securities and Exchange Commission, are a type of fraud where participants profit almost exclusively through recruiting other people to join their programs ...

To be clear, MLMs are not illegal, and not all of them are pyramid schemes. Some direct selling companies like Avon, for example, compensate participants more for the sale of products to consumers ...

Millions of people are looking for ways to earn money, and more people are falling for pyramid schemes. These schemes usually ask you to pay a fee, but promise a big payout if you can recruit ...

There's a blurry line between legitimate multilevel marketing companies and illegal pyramid schemes. Often, doomed-to-collapse pyramid schemes will disguise themselves as legal multilevel marketers.

Daryl Heller, 56, of Lititz, allegedly ran the investment scheme through a series of companies he owned and controlled, ...

On June 23, a court in Kazakhstan concluded the closely followed case of the Mudarabah Capital, ACD Technology, and Astex.kz pyramid schemes and sentenced 12 people to lengthy prison sentences ranging ...

The founders of a supposed marketing company that was revealed to be an illegal pyramid scheme that swindled $23.5 million from members have been sentenced to prison.

“Pyramid schemes usually entice new investors by offering higher returns than other investment vehicles, usually in the form of short-term returns that are either abnormally high or unusually ...