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 ...

VELIKY USTYUG, Russia -- Posters outside the Veliky Ustyug Cultural-Entertainment Center advertise a concert on February 23 to mark Defender of the Fatherland Day and, a couple weeks later, a ...

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 ...

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 ...