A California life insurance agent is facing 100 criminal counts for allegedly running a pyramid scheme that defrauded customers out of an estimated $6.3 million. William A. Sassman, of Sacramento, is ...

SCRANTON – The Attorney General’s Insurance Fraud Section filed criminal charges Tuesday against Brian J. Murray, the local CEO, chairman, and principle of the bankrupt Murray Insurance Agency; his ...

Pyramid schemes are nothing new. For example, in the 1920s, Charles Ponzi promised investors high returns on postal reply ...

DENVER (KDVR) — Federal officials said a Fort Collins man was one of three people sentenced Monday for founding and operating a Wyoming corporation called “8 Figure Dream Lifestyle” as an illegal ...

An Idaho man, Shawn Cutting, is facing multiple charges for allegedly defrauding elderly investors through a Ponzi ...

Singer Izabela Cristy and her husband, David Barros, were sentenced to 7 years and 9 months in prison and 1 year and 9 months in detention, respectively. The information comes from the couple's own ...

Bentley University is facing a lawsuit from a former student-athlete who claims he was wrongfully expelled from the school weeks before graduating after being caught up in a student pyramid scheme.