ponzi scheme

Company News, MLM Critics and Skeptics July 21, 2016

Former ZeekRewards CEO Is Convicted Of Federal Charges For Operating $900 Million Internet Ponzi Scheme

CHARLOTTE, N.C. – U.S. Attorney Jill Westmoreland Rose announced that a federal jury sitting in Charlotte retuned a guilty verdict today against the former CEO…

Industry news June 1, 2016

India will finally clamp down on Ponzi schemes that dupe millions of poor investors

India’s decided to go after Ponzi schemes that take millions of small investors for a ride. The Narendra Modi government is planning to pass a…

Russian Scammer In South Africa Ponzi Scheme Mavrodi

Industry news August 19, 2015

Convicted Russian Fraudster Mavrodi: Successfully Launches Pyramid Scheme In South Africa

Is he at it again? Sergei Mavrodi, a convicted Russian who served jail time for fraud appears to be successfully running the same pyramid scheme,…