MOSCOW (Reuters) - The pitch from the pyramid scheme sweeping Russia has undeniable appeal: make money and make the world a better place, it says. Like thousands of others, Roman Vorobyev believed the ...

An overwhelming majority of financial pyramid schemes operating in Russia target investors’ crypto funds, according to new data released by the country’s central bank. The Russian monetary authority ...

Profy reports that Sergei Mavrodi, who created one of the world's largest financial pyramids in the 1990s, is at it again: recently, he “[…] has decided to launch a new pyramid […] – but this time it ...

Many pyramids are more sophisticated than the simple model. These recognize that recruiting a large number of others into a scheme can be difficult so a seemingly simpler model is used. In this model ...