Both Ponzi and pyramid schemes have been reinvented over the years, but at the core of each is essentially the same devious deceit-paying new investors with money from old investors.

Ponzi schemes pay out early investors with money from later investors. They differ from pyramid schemes in that Ponzi schemes are presented as investments with large returns, rather than business ...

A Chinese woman dubbed "Cryptoqueen" was jailed in the UK for 11 years after defrauding 128,000 investors in a £5B Bitcoin Ponzi scheme, the country's largest crypto seizure.

Although I believe it will be an extremely uphill battle to avoid permanent disbarment, I have been retained by Mr. Scott to ...

HUNKERING down in a luxury Hampstead mansion, a Chinese Bitcoin queen left a trail of empty pockets behind her after stealing ...

Scammers want you to believe they're offering you a legitimate money-making opportunity. Seniors are seen as prime targets due to the potential that they have money saved for retirement. If an ...

Shark Tank's Mark Cuban openly admitted to operating a Ponzi-style chain letter system during his college years in the 1980s ...

A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in ...

A Chinese woman who masterminded one of the largest cryptocurrency frauds in history has been sentenced in the U.K. to ...

Joshua Nicholas was indicted in June 2022 and pled guilty in September 2022. A judge sentenced him to pay more than $1.1 million.

After Chinese officials began investigating her operations, Qian fled to the United Kingdom using a false identity. Once ...