A Ponzi scheme is a type of financial fraud in which the "success" of the entity is propped up by paying returns to initial investors from the money invested by subsequent investors. A pyramid ...

I was sure that CBEX was my breakthrough,” said Adekemi Fakoya, a 28-year-old employee with a side hustle, which she would ...

The arrest of two prominent individuals, one bearing the title Tan Sri and the other a Datuk Seri, has sparked significant attention as they are among five individuals remanded in connection with the ...

"The May 25, 2007, press notice by the Governor CBK advised members of the public that pyramid schemes were fraud, and urged the public to avoid putting their money in such schemes. The notice ...

The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them.

Bukit Aman’s anti-money laundering unit chief Hasbullah Ali says the individuals have been remanded for five to six days to assist in the ongoing investigation into fraud.

A federal court in Brazil has sentenced three convicts who were involved in the Braiscompany crypto fraud to 171 years ...

The Securities Commission is pleading with Bahamians who invested with Creators Alliance to contact it after declaring the venture has “the hallmarks of a pyramid scheme” - a common type of ...

SEE ALSO: Floyd 'Crypto' Mayweather is totally into cryptocurrencies The document claims that ICOs are teeming with "illegal fund-raising, financial fraud, pyramid schemes and other criminal ...