Typically in a pyramid scheme, you pay to join. The scheme relies on you then recruiting other people to join up and to part with their money as well. For everyone in the scheme to make a profit ...

I told my friend that it is a matter of time when the so-called investors will hit brick walls when asking for their money to be returned. Pyramid Schemes come in diverse guises and names. Ponzi and ...

Pyramid schemes are fraudulent ventures that entice investors to deposit money with the promise of high profits or interest rates, typically much higher than market rates. However, the scheme does not ...

Between August 2019 and April 2023, NovaTech’s investors deposited over $1 billion in the scheme, according to the complaint. In June 2022, shortly before the alleged scheme began to draw the ...

The Dagnalls say that despite Arbonne’s claim of $541 million in net revenue last year, 86 percent of the company’s “consultants” lose money. They call it a “pyramid scheme masquerading as a direct ...