scheme

Two Indian citizens deceived their compatriots by implementing a popular scheme in the country involving methods of social engineering and physical substitution of cards. They managed, by making verbal contact with their targets, to first convince the victims to trust them to withdraw money from...

What Is a Pyramid Scheme? A pyramid scheme is an illegal investment scam based on a hierarchical setup of network marketing. The most famous kind of pyramid scheme is, perhaps, the Ponzi scheme. New recruits make up the base of the pyramid and provide the funding, or so-called returns, in the...

What Is a Ponzi Scheme? A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid...