Nigeria has become a fertile ground target for Ponzi schemes, with millions of unsuspecting investors losing life savings in a cycle of financial deception and unfulfilled promises. From digital ...

An Indonesian man swindled hundreds out of people's life savings to fund a years-long, escape around the globe with a ...

Timi Agbaje reacts to the alleged crash of the CBEX platform, explaining Nigerian laws on Ponzi schemes and the legal consequences in a new video.

Federal jurors convicted a New Jersey man on fraud and money laundering charges after his previous 24-year prison sentence ...

It sucked, and we were certainly angry and all the things,” the “Footloose” star said of how he and wife Kyra Sedgwick first ...

The Delhi Police has arrested a 31-year-old man from Rajasthan for orchestrating an online Ponzi scam that duped at least 150 people by promising high returns on fake investments, an official said on ...

He faces more than a dozen sex crime charges including attempted bestiality and solicitation of rape of a child.

Thousands of investors lose over KSh 10o billion after CBEX, a digital asset trading platform, collapsed in what is now being called a Ponzi scheme.

Social media was abuzz on Friday following concerns about the operations of CBEX, a digital asset trading platform, with ...

Kevin Bacon makes a rare comment about his experience of losing money to Bernie Madoff in the late financier's Ponzi scheme in the 2000s.

Over 500 FIRs have reportedly been filed against Sahara Group entities across different states, more than 300 of which relate to offences listed under the Prevention of Money Laundering Act (PMLA), ...