Investopedia explains pyramid schemes, how they work, their different forms, and how people can avoid these fraudulent money traps.

A pyramid scheme hooks consumers with promises of big money, but often leaves them holding the bag in the end. Pyramid schemes are an especially notorious form of “get rich” scams perpetrated by a small group of individuals who stand to gain the most ...

If you had any doubt whether we are living in scandalous times, a quick browse of recent headlines will set you straight. Here's a few: "USA Today," Feb. 7, 2020: "Report: Astros' sign-stealing scheme began with front office 'Codebreaker' program" "The New ...

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

Investigators set out to learn the truth about Michael Cochran's sudden death. West Virginia's Raleigh County is a largely rural region nestled in the coal mining country of the Appalachian Mountains, celebrated for its natural beauty and rugged snowy terrain.

On March 12, 2014, the United States Federal Trade Commission (FTC) launched an official investigation of the nutritional supplement company Herbalife, based on allegations that the company was running a pyramid scheme - a fraudulent investment scheme ...

The federal government's Help to Buy bill, which hopes to target low- and middle-income earners trying to get onto the property ladder, has been passed into law by parliament on Wednesday. Labor says the scheme will bring the dream of home ownership back ...

The Ohio Attorney General’s Office is reporting that a third suspect in a decade-long Ponzi scheme investigation has pleaded guilty. According to the office of Attorney