Less than a year after the CBEX Ponzi scheme wiped out N1.3 trillion in Oyo State, another fraudulent investment scheme has ...

It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as those that fell apart in 2008, with "Ponzi" becoming a buzzword again ...

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

"Ponzi schemes don't collapse when the markets are booming. They collapse when the music stops," warned Jeffrey Schneider, managing partner at law firm Levine Kellogg Lehman Schneider + Grossman, ...

Nigeria’s long-standing battle with Ponzi schemes has woven a dark tale of financial deception, one that stretches over decades and has claimed the savings and dreams of millions. Each collapse brings ...

As investors reel from the collapse of Newnan-based First Liberty Building & Loan in an alleged $140 million Ponzi scheme, Georgia Secretary of State Brad Raffensperger is pushing for more authority ...

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

The platform, CBEX, is currently trending on X (formerly Twitter) as Nigerians online remain divided —some are warning of a potential Ponzi scheme collapse, while others are defending what they ...

Days after the financial firm run by his father abruptly shuttered amid a federal fraud investigation, Brant Frost V filed paperwork with state regulators to create a new lending firm in Georgia. On ...

Investments from charitable foundations may have been key in helping Bernard Madoff sustain his Ponzi investment scheme for so many years, writes a columnist in Fortune magazine. Mitchell Zuckoff, ...

Social Security is a hot topic and it's easy to see why. The fear of uncertainty—whether it's about funding, sustainability, or future benefits—makes people nervous. But the thing is, these concerns ...