A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of ...

An Italian immigrant who arrived in the United States in 1903 with just $2.50 in his pocket, Charles Ponzi ascended from obscurity to dizzying wealth seemingly overnight. But under the surface of his ...

Over the past decade, numerous fraudulent schemes in Nigeria have swindled billions of naira from unsuspecting investors through elaborate pyramid structures. These schemes lure participants with ...

The pitch offered a “truly passive, turnkey investment” that was “ideal for the passive investor.” For $8,500 to $10,000, you could own your own vending machine that dispensed one-gallon jugs of ...

As a certified financial planner, I am often faced with questions about new investments that promise high returns with low risk. Examples include so-called ‘exclusive’ high-return funds that promise ...