This video traces the legal legacy of Glenn Turner’s schemes, from the FTC’s 1975 decision that defined illegal pyramid structures to the political and regulatory compromises that let major MLMs ...
What is a Ponzi scheme? The fraudulent investment program known as a Ponzi scheme entices investors with the promise of extremely high profits. The Ponzi scheme is named after Charles Ponzi, who ...
The FINANCIAL — An indictment was unsealed yesterday charging a U.S. citizen residing in Canada for orchestrating a multimillion-dollar pyramid scheme under the name 8 Figure Dream Lifestyle LLC (8FDL ...