The Central Bank of Sri Lanka (CBSL) has issued an official warning to the general public, identifying 25 companies and mobile applications that have been found operating as prohibited pyramid schemes ...

UPLAND, Calif. (KABC) -- Four drivers were arrested and are accused of staging crashes as part of an alleged coordinated insurance fraud scheme that endangered an innocent driver, according to the ...

The North Texas couple who wanted to appear like a power couple to friends and social media users through means earned by defrauding thousands of people during the COVID-19 pandemic learned their fate ...

Marlon Moore, 39, and LaShonda Moore, 38, a Texas couple convicted this year of conspiracy, wire fraud and money laundering in connection with a pandemic-era pyramid scheme targeting Black investors, ...

A North Texas couple received 40‑year federal prison sentences this week for running a pandemic‑era pyramid scheme that defrauded more than 10,000 people of over $30 million, prosecutors said. Marlon ...

A Frisco couple was sentenced Wednesday to 40 years each in federal prison for running a pandemic-era pyramid scheme that prosecutors said promised 800% returns and defrauded more than 10,000 people ...

Daymond John Sues Former COVID Mask Partners for Millions in Unpaid PPE Cash The FUBU co-founder says his name and network landed $100M+ in state PPE deals—only for his partners to allegedly ghost him ...

A Frisco couple will serve 40 years in federal prison after a jury found them guilty of operating a pyramid scheme defrauding thousands during the COVID pandemic shutdowns. A North Texas couple was ...

A guard tower and razor wire at a prison in Texas. (Photo by Andrew Lichtenstein/Corbis via Getty Images) FRISCO, Texas - A Texas couple was sentenced Tuesday to 40 years each in federal prison for ...