pyramid schemes

 
High cost of get-rich-quick scams
High cost of get-rich-quick scams
In August 2015, Angel Mkhize* had resigned from her job and withdrawn her R750 000 pension fund. She was looking for somewhere to invest her...
Rich pickings for Russian con artist
Rich pickings for Russian con artist
The slide in the marketing material speaks of the intention "to create a new, fair financial order, as a world mutual aid fund community primarily...
SA police bust HIV/Aids pyramid scheme
SA police bust HIV/Aids pyramid scheme
South African authorities busted a pyramid investment scheme on Tuesday involving a company offering HIV/Aids treatments in a country with one of...
Madoff: The 'big lie' that got bigger and bigger
Madoff: The 'big lie' that got bigger and bigger
When Bernard Madoff allegedly admitted that his investment company was a "big lie", few realised just how big -- and even now, as reports of damage...
Obama promises 'adult supervision' for Wall Street
Obama promises 'adult supervision' for Wall Street
President-elect Barack Obama on Thursday blamed a lack of "adult supervision" in the financial markets for scandals such as Bernard Madoff's...
Madoff's firm to be sold off
Madoff's firm to be sold off
United States authorities said on Monday they were liquidating Bernard Madoff Investment Securities LLC of New York, following Madoff's arrest for...
Top banks face losses in 'pyramid' fraud
Top banks face losses in 'pyramid' fraud
Top world financial groups on Monday revealed massive potential losses from an alleged scam run by Wall Street trader Bernard Madoff, admitting...

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