Pyramid Scheme

JuicyFields, a pyramid scheme for cannabis investment that guaranteed its clients returns of up to 66% in just three months, froze cash withdrawals, removed their profiles from social media networks and those responsible disappeared without a trace, reported elDiario.es. "The project has...

The collapse of cryptocurrency Terra has been one of the most talked-about topics in the crypto world over the past few weeks. A famous hedge fund manager weighed in with his take on the situation and offered up a harsh comparison. What Happened: Blockchain protocol Terra has a token called Terra (...

Shares of Shopify Inc (US) (NYSE: SHOP) were trading lower by 7 percent Tuesday after another short thesis came to light. Shopify on Oct. 4 was named by Citron Research as a company that's "dirtier than Herbalife" and is worth at best $60 per share. A new report by Canada's...

Amid a crackdown on pyramid schemes and the arrests of Shanxinhui management, four government agencies in China have been assigned the task of "resolutely eradicat[ing]" multi-level marketing firms, according to reports by local news sites. The Ministry of Education, Ministry of Public...

Herbalife Ltd. (NYSE: HLF) has been one of the most controversial stocks in the market in recent years, and the company’s Q2 earnings report and conference call have presented investors with even more questions about the future of the company. Restructuring Taking Its Toll In June,...

Herbalife Ltd. (NYSE: HLF)'s announcement early Monday morning that it now expects its revenue to fall short of prior estimates sent the stock lower by more than 5 percent. But not all among the Street sees this warning as a bearish sign, including Pivotal Research Group's Timothy Ramey. Ramey...

The Federal Trade Commission said it is now mailing checks to nearly 350,000 people who lost money running Herbalife Ltd. (NYSE: HLF) businesses, which the regulator calls a “multi-level marketing scheme.” Not A Pyramid Scheme The funding for the checks stems from a July 2016 settlement...

The Federal Trade Commission shut down Vemma Nutrition in late August for operating a pyramid scheme. Pershing Square released a letter on Tuesday alleging the similarities between Vemma Nutrition and Herbalife Ltd. (NYSE: HLF). Shares of Herbalife were unfazed by the news, trading higher by more...

Rev. Emmanuel Lemelson was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.  Shares of Ligand Pharmaceuticals Inc. (NASDAQ: LGND) hit new 52-week highs of $94.94 on Friday after the company updated the impact from the Viking...

On Thursday, Timothy Ramey from Pivotal Research Group published a note to clients in which he argued that the FTC’s investigation of Herbalife Ltd. (NYSE: HLF) could conclude this summer. Ramey was on CNBC recently to explain why he thinks so. Herbalife Feeling Good About Its Position...

When it comes to investment scams, there's nothing really new under the sun. Instead, modern scams usually make use of tried and true methods from the past, with a modern twist. As such, it is important to be familiar with some of the most popular investment scams. Here we will take a look at...

As a Latino advocacy group met with a federal regulator Tuesday to discuss their concerns about alleged abuses perpetrated by Herbalife (NYSE: HLF) against Latinos and others, hedge-fund manager Bill Ackman continued his efforts to portray the company as an illegal pyramid scheme. This time...

As the week ended, multi-level marketing company Herbalife (NYSE: HLF) faced attacks from both ends of the country regarding whether it was an illegal pyramid scheme. Massachusetts Senator Ed Markey on Thursday called for the Securities and Exchange Commission and the Federal Trade Commission...

The market took a bit of a breather Thursday following two strong days of gains. Earnings from two major banks failed to keep the momentum alive and investors focused on Best Buy's (NYSE: BBY) disappointing holiday guidance which contradicts the strong retail sales report earlier this week....