Bank of Russia Detected Over 5,700 Pyramid Schemes in 2023
The Bank of Russia reported that the number of pyramid schemes and illegal lending providers in Russia rose…
Browsing Tag
pyramid schemes
4 posts
Ponzi vs. pyramid schemes: What’s the difference?
Ponzi schemes promise returns generated from the money of future investors, while in pyramid schemes, income flows up…
OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison
U.S. District Judge Edgardo Ramos also ordered Greenwood to forfeit $300 million, the approximate amount he pocketed from…
Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’
Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve…