Investopedia explains pyramid schemes, how they work, their different forms, and how people can avoid these fraudulent money traps.

Amazon is facing one of its most sensitive legal challenges in Europe, with Italian authorities accusing the company of serving as a "Trojan horse" in a customs fraud scheme that could be worth hundreds of millions of euros.

A pyramid scheme hooks consumers with promises of big money, but often leaves them holding the bag in the end. Pyramid schemes are an especially notorious form of “get rich” scams perpetrated by a small group of individuals who stand to gain the most ...

Ponzi and pyramid schemes are both forms of financial fraud that share many characteristics. However, there are distinct differences in how they operate.

On March 12, 2014, the United States Federal Trade Commission (FTC) launched an official investigation of the nutritional supplement company Herbalife, based on allegations that the company was running a pyramid scheme - a fraudulent investment scheme ...

A scheme which has provided free books for newborns for a quarter of a century will be saved following concerns over its future. BookTrust Cymru, which runs programmes aimed at helping parents to read with babies and toddlers, says a decision to stop the direct grant risked leaving the poorest families without support.

Waste firm Biffa claimed it invested heavily after being given assurances about the recycling scheme only to see it collapse a year later.