BOISE • Attorney General Lawrence Wasden is urging Idahoans to avoid participating in illegal pyramid schemes known as “gifting circles.” His Consumer Protection Division has received two reports in ...
Pyramid schemes are nothing new. For example, in the 1920s, Charles Ponzi promised investors high returns on postal reply ...
The Autorité des marchés financiers (AMF) is warning Quebeckers about solicitations that are being carried out using ...
A gripping new documentary miniseries is bringing attention to multilevel marketing platforms. "LuLaRich," available on Amazon Prime, chronicles the story of LuLaRoe, a clothing empire famous for its ...
Three masterminds of a pyramid scheme were sentenced for founding and operating the scam that cost investors 23 million dollars. The trio was named Alex Dee, of Texas, Brian Kaplan, of Colorado, and ...
SEATTLE — Utah-based jewelry company Paparazzi has agreed to pay $1.9 million and reform its business practices in Washington state after an investigation by the Attorney General’s Office into the ...
Ponzi and pyramid schemes depend on new money and recruitment to survive. These schemes promise returns from new participants, not real economic activity. Bitcoin does not require recruitment or ...
SEATTLE, Wash.–Over 7,000 Washington residents will receive an average of $180 each if they sold jewelry to Paparazzi in recent years. The jewelry company will pay just under $2 million and alter ...
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