A married couple from Texas has been convicted of masterminding a multimillion-dollar pyramid scheme that promised massive ...

A gripping new documentary miniseries is bringing attention to multilevel marketing platforms. "LuLaRich," available on Amazon Prime, chronicles the story of LuLaRoe, a clothing empire famous for its ...

Thousands of people were tricked into joining an illegal pyramid scheme in Texas that targeted African-Americans and lost more than $10 million, according to federal authorities. LaShonda Moore, 35, ...

Dallas police Chief Eddie García fired a lieutenant accused of engaging in “gifting circles” that officials said amounted to a pyramid promotional scheme. Lt. Giovanni Wells was terminated during a ...

Ponzi and pyramid schemes depend on new money and recruitment to survive. These schemes promise returns from new participants, not real economic activity. Bitcoin does not require recruitment or ...