Both Ponzi and pyramid schemes have been reinvented over the years, but at the core of each is essentially the same devious deceit-paying new investors with money from old investors.

Qian Zhimin, the architect of a massive Ponzi scheme in China, was sentenced to over 11 years in a UK prison for laundering billions of dollars in cryptocurrency. The legal battle over the seized ...

More recently, another figure dubbed the “Queen of Crypto” emerged in the form of Valeria Fedyakina, a 24-year-old Russian influencer known online as “Bitmama.” In 2023, Fedyakina allegedly used her ...

The Securities and Exchange Commission has said Nigerians have lost about N316bn to Ponzi schemes and illegal fund managers over the years, warning that ...

A Luxembourg court ruled against the bank in a long-running lawsuit tied to its custodial role for a fund that invested in ...

A Chinese woman who was found with £5bn ($10bn) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi ...

Thai authorities have arrested Liang Ai-Bing for running a huge cryptocurrency Ponzi scheme together with four other suspects ...

How Bernie Madoff's Ponzi scheme affected the New York Mets, leading to Bobby Bonilla's infamous contract. A story of greed and financial fraud in Major League Baseball.

A Chinese woman who masterminded a multibillion-dollar bitcoin scam and evaded authorities for years was sentenced to 11 ...