pyramid scheme

Icahn Buys Big Stake in Herbalife, Heats Up Feud With Ackman

A clash between Wall Street titans is flaring again Friday after Carl Icahn grabbed a 13 percent stake in Herbalife, a supplement company that Pershing Square Capital Management's William Ackman shorted heavily and publicly, calling it a massive pyramid scheme.

Mitt Romney's Money Man: Who Is Frank VanderSloot?

We've profiled two mega-wealthy benefactors behind GOP candidates for president: Sheldon Adelson, who bankrolls Newt Gingrich's super PAC, and Foster Friess, whose millions support Rick Santorum. Now we turn our attention to Frank L. VanderSloot, the billionaire backing Mitt Romney.

How to spot a Ponzi scheme

The news that Bernard Madoff was arrested Friday and charged with securities fraud in what federal prosecutors called a $50 billion Ponzi scheme...

MLMs: Almost a sure way to lose money

If you're like over 90% of the people who get involved in multi-level marketing, you're going to lose money. The sad thing is that most people get...

How MLMS stay 'legal'

One of the credibility-building factors that modern multi-level marketing (MLM) companies rely on is the assertion that they're legal. Often, it's...