Tag: pyramid scheme

What’s the difference between Ponzi and pyramid schemes?

Published January 23, 2023 By admin with Comments 1

Categorized as Uncategorized Tagged fraud, Ponzi schemes, pyramid scheme, scams

It may surprise you to learn that the most common crime in Britain isn’t theft or assault. It’s fraud. Annually, there are more incidents of fraud (4.6 million) referred to the police than both theft (3m) and violent crime (1.5m)…[Continue Reading...]

This ‘Cryptoqueen’ scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared

Published January 22, 2023 By admin with Comments 1

Categorized as Uncategorized Tagged criminal fugitive, crypto currency, pyramid scheme, Ruja Ignatova

Ruja Ignatova strode onto the stage in a flowing burgundy ball gown adorned with black sparkles. Beams of light flashed, fireballs erupted and Alicia Keys' "Girl on Fire" blared through the speakers. "Looks like a girl, but she's a flame.…[Continue Reading...]

Mid-Valley Scam Alert: Pyramid schemes

Published January 10, 2023 By admin with Comments 1

Categorized as Uncategorized Tagged mullti level marketing, pyramid scheme, scams

A new year is upon us, but I thought it would be fun to discuss a scam as old as time for the first 2023 edition of the Mid-Valley Scam Alert. The pyramid scheme — the OG scam if you will —…[Continue Reading...]

Infinity 2 Global, or I2G, purportedly a multi-level marketing company, which the United States proved at trial was operating as a pyramid scheme.

Published January 4, 2023 By admin with Comments 1

Categorized as Uncategorized Tagged criminal convictions, Dennis Dvorin, Doyce Barnes, Faraday Hosseinipour, Infinity 2 Global, Jason Syn, multi-level marketing, pyramid scheme, Richard Anzalone, Richard Maike

On November 13, 2019, a federal grand jury in returned a thirteen-count superseding indictment charging Richard Maike, Doyce Barnes, Richard Anzalone, Faraday Hosseinipour, Dennis Dvorin, and Jason Syn in connection with an alleged pyramid scheme. Maike was also charged with…[Continue Reading...]

SEC Charges Four Individuals in Crypto Pyramid Scheme that Targeted Spanish-Speaking Communities

Published December 15, 2022 By admin with Comments 1

Categorized as Uncategorized Tagged criminal charges, crypto currency, Forcount Trader Systems, Inc., pyramid scheme

The Securities and Exchange Commission today charged Francisley Valdevino Da Silva, Juan Antonio Tacuri Fajardo, Ramon Antonio Perez Arias, and Jose Ramiro Coronado Reyes for their roles in creating and promoting Forcount Trader Systems, Inc., a fraudulent crypto asset pyramid…[Continue Reading...]