Russian organizers of financial pyramid schemes are now often pretending to be brokers offering victims to earn money on ...

The last disbursement, of more than $131 million, is being sent to more than 23,000 victims worldwide. When it is completed, more than $4.3 billion will have been distributed by the fund to more than ...

Ponzi and pyramid schemes are both forms of financial fraud that share many characteristics. However, there are distinct differences in how they operate.

Two Estonian nationals avoided additional prison time for orchestrating one of crypto’s largest Ponzi schemes (HashFlare) after receiving sentences matching the 16 months they already served in ...

Bernie Madoff orchestrated the largest Ponzi scheme in history, defrauding investors of around $64.8 billion over decades.

Bernie Madoff, convicted of leading the largest Ponzi scheme in history, has died in federal prison at age 82. Madoff reportedly died of natural causes, according to a person who spoke with The ...

Madoff, 81, is serving a 150-year prison sentence in a North Carolina federal facility for orchestrating the largest Ponzi scheme in history at his firm, Bernard L. Madoff Investment Securities in New ...

Michele Bachmann is in the news for controversial financial ties ... again. This time the retiring Republican congresswoman is returning contributions from Frank Vennes, a man who lured people into ...