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.

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 ...

The sharp decline in Herbalife’s stock price (NYSE:HLF) to multi-year lows and Pershing Square’s Bill Ackman gasconading his “psychological short” bet against the shares triggered mixed reactions from ...

CAPE GIRARDEAU, Mo. (KFVS) - A lot of people sell a product out of their home to make some extra money, maybe makeup or a weightloss supplement. It’s called multi-level marketing, and even though it’s ...

Australian money manager John Hempton has called the battle between investor Bill Ackman and nutritional-supplement company Herbalife “hedge-fund porn.” There is indeed something vaguely obscene about ...

LOUISVILLE, Ky. — A Kentucky man and a North Carolina man were sentenced last week for defrauding investors of millions of dollars in a pyramid scheme, according to the U.S. Attorney's Office for the ...