Good Life Sacco, under the management of Obadiah Macharia, went under last year in August 2015, leaving over 10,000 of its members in limbo after it failed to refund their money.PHOTO: COURTESY ...

The Better Business Bureau is warning of a pyramid scheme that promises easy money via a “Blessing Loom.” According to the BBB, victims of the scam receive direct messages through social media – most ...

Pyramid schemes are nothing new. For example, in the 1920s, Charles Ponzi promised investors high returns on postal reply coupons, using the money from new investors to pay returns to earlier ...

MILWAUKEE, Wis. (WFRV) – Officials say a federal grand jury in Milwaukee convicted two Chicago adults of running illegal multimillion-dollar pyramid schemes in several states. Woman accused of giving ...

The Rwanda Investigation Bureau (RIB) is investigating a pyramid scheme that has been impersonating OCP Africa, according to the bureau’s spokesperson, Thierry B. Murangira. The scheme is reported to ...