pyramid scheme

Top 10 Financial Scandals of All Time

Massive financial losses are joined by political double-dealings, public spectacles, pyramid schemes, celebrity downfalls, rouge traders and a few Nazis.

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.

In a frenzy over Ponzi

Regulators are going crazy over Ponzi schemes. One regulatory agency has reportedly found 19 Ponzi schemes so far this year, and says that hundreds...

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...