Businessman sentenced to conditional imprisonment and community service in fraud case
A 74-year-old businessman has been sentenced to eight months of conditional imprisonment and 150 hours of community service for organized fraud similar to a pyramid scheme.
BMB: What is known about the company suspected of causing losses with a financial pyramid scheme in the interior of SP
Residents of Ribeirão Preto (SP) are facing losses and frustration due to the closure of BMB, a marketing company suspected of running a financial pyramid scheme.
'I Thought It Was Honest,' Says Man Who Lost R$ 15,000 in Financial Pyramid Scheme in SP
A Brazilian man lost R$ 15,000 to a suspected pyramid scheme run by a marketing company in São Paulo.
Company accused of promising extra income and harming victims with pyramid scheme in Monte Alto, SP
Over 100 individuals have filed police reports against a company in Monte Alto, SP, suspected of operating a pyramid scheme that promised extra income.
The National Court seizes 2.6 million from one of the leaders of Fórum Filatélico, who is on the run from justice
The National Court has seized €2.6 million from José Manuel Llorca Rodríguez, a leader of the Fórum Filatélico pyramid scheme, which will be used to compensate victims of the scam.