If there’s one thing Elon Musk loves more than disrupting industries, it’s disrupting facts. During his recent appearance on ...

Ponzi schemes are forms of fraud that lure investors and pay profits to earlier investors with funds from more recent ...

Trump’s billionaire DOGE chief claims, without evidence, there’s $700 billion in “waste and fraud” he can cut from America’s core safety net programs.

Rather than strength, stamina and speed, the traits of this office Wonder Woman were convincing investors to put their life ...

The fraud involved in Social Security is political rather than financial. Franklin Roosevelt described Social Security as ...

The Enforcement Directorate (ED) has restored properties worth Rs 3,339 crore, with a current market value over Rs 6,000 crore, to victims of the AgriGold ponzi scam. This scheme deceived lakhs of ...

Hong Kong and Singapore lead Asia's drive to cash in on crypto boom In related news, the SEC has pledged to step up its efforts to stamp out pyramid and Ponzi schemes. SEC DG underlined that ...

Have you recently found some Royal Mail first or second-class stamps with Queen Elizabeth II’s head on? If so, you might wonder if you can still use them to post your letters or parcels at the ...

The victims were allegedly duped by Falcon Invoice Discounting, which promised annual returns of 11-22% on short-term investments.

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Peter Aitken is a Newsweek Politics Editor based in New York. His focus is domestic U.S. politics, but he has experience covering Foreign Affairs, Business and Technology. Peter joined Newsweek in ...

Some lost their savings. Some, their homes. Some lost everything. At least 116 investors lost money to Douglas Grozelle, the man at the top of a $24.6-million alleged Ponzi scheme.