Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Technology bubbles have often concealed major frauds. From the railway boom to the Madoff affair, are there warning signs at the heart of the current AI frenzy?

Ponzi and pyramid schemes depend on new money and recruitment to survive. These schemes promise returns from new participants, not real economic activity. Bitcoin does not require recruitment or ...

Attorneys James D. Gassenheimer and Isaac M. Marcushamer offer the telltale signs of a Ponzi scheme knowing another wave of frauds may be just around the corner. In late 2008 and 2009, the United ...

It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as those that fell apart in 2008, with "Ponzi" becoming a buzzword again ...

Lagos, Nigeria — Mandela Fadahunsi, who works at a technical training school in Ikeja in Nigeria’s Lagos, never believed he could fall victim to a Ponzi scheme. On April 6, the 26-year-old was ...

(Original Caption) Charles Ponzi, the "financial wizard" of Boston who succeeded in amassing a fortune through his endless chain of sales of Foreign Exchange following the World War, later went to ...

Two men — Ryan Wear, of Everett, Washington, and Jordan Chirico, of Carmel, Indiana — have been indicted in New York on federal criminal charges related to two Ponzi-like schemes involving water ...

A New York court has sentenced Magdaleno Mendoza for 71 months in federal prison for promoting IcomTech’s crypto Ponzi scheme.