You Searched For "pyramid scheme" and got 20 results
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2 mins read
A crypto trading platform that recruited users through prayer circles was a pyramid scheme that made $1 billion for its 'Reverand CEO,' lawsuit says
NovaTechFx, once one of the fastest-growing financial platforms, now faces a lawsuit that says it s…
Kenneth Niemeyer
1 min read
Elements of private equity firms resemble Ponzi schemes, Europe's largest asset manager says
"Eventually there will be casualties, but that might not be for three, four, or five years," Amundi…
Brian Evans
1 min read
Bill Ackman says he finds short-seller's Adani Group report 'highly credible' – and notes similarities to 'pyramid scheme' Herbalife
Hindenburg Research accused the Indian conglomerate Adani Group of "brazen stock manipulation", in …
George Glover
1 min read
Billionaire investor Bill Ackman says Terra's algorithm sounds like the 'crypto version of a pyramid scheme'
Ackman tweeted his disapproval of Terra, suggesting that the crypto industry should "self-regulate"…
Cheryl Teh
2 mins read
The cryptocurrency market has become a 'postmodern pyramid scheme' and its stunning crash is an opportunity to regulate it, famed economist Paul Krugman says
"The industry lured investors in with a combination of technobabble and libertarian derp," the top …
Jennifer Sor
5 mins read
Experts say LuLaRoe gets $4.75 million slap on the wrist, as company eludes admission of any wrong doing
"It's not over leggings that got wet. It's over loss. It's over lies," MLM expert Robert Fitzpatric…
Áine Cain
3 mins read
As Ghislaine Maxwell's trial begins, prosecutors say she ran 'a pyramid scheme of abuse' with Jeffrey Epstein
Prosecutors have accused Ghislaine Maxwell of running an elaborate child-sex-trafficking scheme wit…
Jacob Shamsian
2 mins read
TikTok is banning content that promotes pyramid schemes and multi-level marketing companies
"We do not permit anyone to exploit our platform to take advantage of the trust of users and bring …
Allana Akhtar
12 mins read
Inside Trump's relationship with a multi-level marketing company that helped give him a financial lifeline
Over 10 years, President Donald Trump got $8.8 million from ACN, an MLM company he featured on "The…
Yelena Dzhanova
3 mins read
'I build pyramids, man': Federal court shuts down alleged pyramid scheme selling 'healthy' mushroom coffee and freezes executives' assets
"Success By Health was shut down and put out of business by the FTC without due process, due cause …
Hayley Peterson
4 mins read
The most devastating takeaways from Netflix's new docuseries on Jeffrey Epstein and his 'molestation pyramid scheme'
Epstein's victims said they reported the sex trafficking ring to the FBI in 1996 — a decade before …
Taylor Nicole Rogers
4 mins read
Heavy drinking, sex tapes, and a pyramid scheme: Yelp insiders speak out about the company's high-pressure sales culture
Yelp's sprawling sales organization is part boiler-room, part fraternity house, and infused with a …
Rob Price
2 mins read
Duo in India caught carrying out ₹12 billion multi-level marketing scheme
The Economic Offences Wing (EOW) of the Cyberabad Police in Hyderabad, India confiscated ₹2 bill…
3 mins read
The 'secret sister' gift exchange on Facebook is actually an illegal pyramid scheme
It spreads via a Facebook post advertising the exchange (36 gifts in exchange for 1!) and asking si…
Rob Price
1 min read
Washington Attorney General accuses LuLaRoe of operating an illegal 'pyramid scheme' in new lawsuit
The company's "marketing and sales activities, misleading income and lifestyle claims, emphasis on …
Hayley Peterson
3 mins read
Epstein trafficked and abused dozens of young girls at his private island in the Caribbean in a 'trafficking pyramid scheme,' a new lawsuit says
The lawsuit was filed Wednesday by the attorney general of the Virgin Islands, Denise George. It al…
Michelle Mark
2 mins read
ACKMAN: Actually, Herbalife is a pyramid scheme
The activist investor has long framed Herbalife as a fraudulent company, placing a $1 billion short…
Rachael Levy
2 mins read
SEC charges 11 people for running a crypto Ponzi scheme that raised $300 million from retail investors worldwide
A defendant known as Lola Ferrari was among those who created Forsage, a website used to bilk milli…
Carla Mozée
8 mins read
On TikTok, a multi-level marketing scheme is hawking dubious diet supplements and targeting young women
Dozens of women are shilling It Works smoothies and gummies on TikTok, but experts say they are unl…
Lindsay Dodgson,Rachel Hosie
3 mins read
JPMorgan's quant guru says cryptocurrencies have 'some parallels to fraudulent pyramid schemes'
So while JPMorgan isn't going as far as to call the end of these increasingly tenuous market trends…