Burnaby resident Mark Cuzzeto launched a class action lawsuit after he lost $3,200 in a pyramid scheme run by Alan Kippax, winning $6.5M for all of Kippax's victims. (CBC) ...

Two Londoners were taken into police custody on Monday, accused of being behind a “gifting cloud” pyramid scheme investigators believe has been in operation in the London area for at least a year.

A year ago, Coquitlam RCMP issued repeated warnings about a popular "cloud" scheme being illegal. The Mounties alleged the scheme has been evolving for years, with new members being recruited or ...

While several schemes have been unearthed across Canada, they pale to the activities of Bernie Madoff, the American poster boy for Ponzi schemes who is serving a 150-year sentence for losing ...

Given Mr. Mavrodi's history with pyramid schemes, his resurrection is remarkable. A graduate of the Soviet Union's elite physics institute, he created his first pyramid in the 1990s.

Two arrested in world-wide multimillion dollar pyramid scheme operated out of Toronto Police say the program's existence was entirely dependant on the fee-based entry of new members to the scheme ...