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 ...

Over 4,000 victims of the EMAAR Ponzi scheme demand a refund from fintech banks. Learn how scammers exploit regulatory gaps ...

What Is a Ponzi Scheme? Ponzi schemes typically lure in investors by promising high returns with little to no risk. Because initial investors often see high returns at first, early Ponzi schemes often ...

Six months after the collapse of the N1.3tn CBEX Ponzi scheme that ensnared hundreds of thousands of Nigerians, another wave of desperate investors has fallen victim to a fresh scam masked as a real ...