Our conversation was timely not only because of the history of multi-level marketing which, it turns out, has ties to ...

Direct-selling schemes are considered fringe businesses, but their values have bled into the national economy.

A strange peak in the middle of the Amazon rainforest may actually be the largest pyramid ever built in the ancient world. Known as Cerro El Cono, this massive, pyramid-shaped formation is cloaked in ...

What Is a Pyramid Scheme? A pyramid scheme is a fraudulent investment where participants make money primarily by recruiting new investors rather than from legitimate businesses. Technology and ...

While it targets youths and freelancers, its emphasis on referral bonuses and flexible income resembles models that could easily evolve into pyramid schemes. ADK operates under a structure that ...

His diaries, you see, offer a peek into the life of a rather exceptional chap, born with a silver spoon, living it up during the pyramid boom. The jackpot for any self-respecting tweed jacket: a ...

A Ponzi scheme is a type of financial fraud in which the "success" of the entity is propped up by paying returns to initial investors from the money invested by subsequent investors. A pyramid ...

As the New York magazine journalist Bridget Read documents in her gripping and instructive new history, “Little Bosses Everywhere: How the Pyramid Scheme Shaped America,” they have to be ...

Three years later, MBI Group International introduced a pyramid scheme called MFC, promoting it as a platform for a digital currency called M-Coin. The scheme started in Malaysia and later expanded to ...

Last August, MBI founder Tedy Teow was deported from Thailand to China to assist the Chinese government’s investigation in his role in the pyramid scheme. It was reported that some two million Chinese ...

The Central Bank of Sri Lanka (CBSL) has issued a special notice regarding prohibited pyramid schemes. According to the notice, the CBSL has determined that Pro Care (Pvt) Ltd and Shade of Procare ...