In case you don't know, BuzzFeed has a daily word game called Pyramid Scheme. BuzzFeed It's a daily puzzle with 15 letters, and you have to connect the letters to make words where every letter is ...

Pyramid schemesfocus on making quick profits that are earned by selling the right to recruit others. The entire purpose of the scheme is to get your money upfront.

Other schemes, which offer specialist training or “secrets” to getting rich quick, can be harmful but not fraudulent. Our research shows that many of those are operating in a legal hinterland.

Three individuals were sentenced to prison for their roles in running a fraudulent pyramid scheme that left thousands of victims with over $23 million in losses. The scheme, known as “8 Figure ...

Pyramid schemes, according to the U.S. Securities and Exchange Commission, are a type of fraud where participants profit almost exclusively through recruiting other people to join their programs.

The modern pyramid scheme was invented in 1945 in Long Beach, California, by two men: Stanford-educated pop psychologist William Casselberry, and Lee Mytinger, a skilled salesman.

James D. Noland, Jr. and Scott Harris, respectively made these statements to prospective distributors in two pyramid schemes they, Noland’s wife, and another fellow ran.