Sergei Mavrodi, founder of infamous Russian financial pyramid scheme called MMM (Mavrodi Mondial Moneybox), has launched subsidiaries in Asia, Africa and South America. RBTH answers…
U.S. prosecutors on Thursday announced that about $20 million found under a mattress in a Massachusetts apartment had been seized after a Brazilian man was…
The Federal Trade Commission is mailing 285,361 checks totaling more than $3.7 million to people who lost money to Fortune Hi-Tech Marketing (FHTM), a pyramid…
Herbalife CEO Michael Johnson, who has the led the company for 13 years, fending off allegations that the business was a pyramid scheme and overseeing…
Summary A new bill being introduced by Marsha Blackburn of TN changes a key definition that is a lynchpin in mathematically identifying endless chain pyramid…
In the classic “pyramid” scheme, participants attempt to make money solely by recruiting new participants, usually where: The promoter promises a high return in a…
If you haven’t already seen the posts, search for “secret sisters gift exchange.” It should bring up a lengthy post that explains the process, which…
LOYALTY card shopping scheme Lyoness has won a court case against the consumer watchdog, which accused the company of operating a pyramid scheme and engaging…
On 13 October 2015 Radar Channel 2 in Estonia featured a report alleging that Lyoness was operating a pyramid scheme and provided the case of…
