Police carry out operation against suspects of financial pyramid scheme causing R$ 420,000 loss in Indaiatuba
The Civil Police of Piracicaba executed search warrants against a group involved in a financial pyramid scheme that defrauded 14 victims out of R$ 420,000 in Indaiatuba, São Paulo.
Police arrest owner of JJ Invest suspected of financial pyramid scheme that allegedly caused a loss of R$ 170 million
The owner of JJ Invest has been arrested on suspicion of operating a significant financial pyramid scheme in Brazil, leading to losses estimated at R$ 170 million for around 3,200 investors.
Two reality stars from the U.S. condemned for stealing 25 million dollars in a pyramid scheme that defrauded more than 10,000 people
Marlon and LaShonda Moore, former contestants of the reality show Family or Fiancé, were found guilty of participating in a pyramid scheme that defrauded over 10,000 individuals in a federal court in Sherman, Texas.
The man who deceived millions and became a legend: The dark empire of Sergey Mavrodi – Criminal with a Greek name
Sergey Mavrodi, known for creating the largest financial pyramid scheme in post-Soviet history, is both a controversial figure celebrated by some and reviled by many.
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.