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Hong Kong's financial watchdog, the Securities and Futures Commission (SFC), has charged thirteen suspects of market manipulation in a joint operation with the local police. Local brokers were also prohibited from processing assets held in trading accounts related to five persons, who were possibly involved in a social media ramp-and-dump scam. The SFC added that the fraudulent scheme targeted the shares of two publicly-listed companies between October 2018 and May 2019. Among them, two face additional charges of money laundering together with eight other defendants. Additionally, the brokers are required to notify the SFC if they receive such instructions from their blocked clients. " The alleged syndicate members organised and executed "ramp-and-dump" schemes in the shares of two Hong Kong-listed companies (target stocks) by using different social media platforms and manipulated the trading of a large volume of those shares through the use of a substantial number o

When Amy started selling Mary Kay products, she did so with the aim of getting a discount on the cosmetics. Read this story in te reo Māori and English here. / Pānuitia tēnei i te reo Māori me te reo Pākehā ki konei. "There is no way you could actually earn a living," she says. The mother-of-four, who did not want to be identified because of a career change, said it was only once she got to $1000 in a single order that she would make 50% commission. READ MORE: * Woman behind crypto-currency marketing network attracts attention of the Commerce Commission * Sorry, hun, I don't want to be part of your pyramid scheme * How (and why) salespeople go bad She could have moved up the ranks to earn more by recruiting more salespeople into the system, but she said that did not appeal. "I hated the 'you join and sell'." Mary Kay pulled out of New Zealand in 2020. In 2019, it said 83% of its salesforce did not earn any commission. Of those who did, the average

Making extra cash outside your nine to five could help with those mounting bills (Picture: Getty Image/ Metro.co.uk) The art of the 'side hustle' – making a little bit extra after working nine to five – is becoming more of a necessity than a luxury as the cost of living rises. Internet services group Fasthost has found that searches for the phrase 'make extra money' have risen 132% since this time last year, with browsers hoping for information about evening jobs and tasks that will top up the coffers. 'The current crisis is causing people to find other sources of income and help where they can, like selling clothes or setting up online stores for some extra financial security,' says Michelle Stark, sales and marketing director at Fasthosts. Whether you're looking to start a new business that might eventually replace the day job, or simply trying to make a little extra cash, there are more ways than ever to make the money you need. 'Side

The Pride flag has had more updates than Windows, so it makes sense for Bill Gates and his team to go and give it a bit of a great reset. Microsoft has designed an all-inclusive omni-pride flag which has birthed it into the world looking like a broken phone screen that's mated with a 70s rave. I think we can all agree that the result is stunning and brave. I'm old enough to remember when flags were for nations, not for individual lifestyle choices. Microsoft released a statement (this part is true) saying: ' This flag combines 40 different flags from LGBTQIA+ communities around the world, including: Abrosexual, Aceflux, Agender, Ambiamorous, Androgynous, Aroace, Aroflux, Aromantic, Asexual, Bigender, Bisexual, Demifluid, Demigender, Demigirl, Demiromantic, Demisexual, Gay/MLM/Vinician, Genderfluid, Genderflux, Genderqueer, Gender questioning, Graysexual, Intersex, Lesbian, Maverique, Neutrois, Nonbinary, Omnisexual, Pangender, Pansexual, Po

Weekly Newsletter The best of The Saturday Evening Post in your inbox! Steve Weisman is a lawyer, college professor, author, and one of the country's leading experts in cybersecurity, identity theft, and scams. See Steve's other  Con Watch articles. According to the Direct Selling Association, a trade organization for the direct-to-consumer sales industry, consumers bought $42.7 billion of multi-level marketing products, which commonly include home care, nutrition, and beauty products. Direct selling organizations such as Mary Kay Cosmetics and Amway are legitimate businesses that can potentially be profitable for the people who sell these products. Pyramid schemes, on the other hand, may resemble legitimate multi-level marketing businesses, but are in fact illegal and likely to result in you losing money. Subscribe and get unlimited access to our online magazine archive.

Karen Bronzo is making changes in the kids, young adults and classics division of Warner Bros. Discovery. Two key executives, marketing chief Tricia Melton and senior vp marketing and partnerships at Cartoon Network and Adult Swim Jill King, are leaving the newly merged company at year's end as Bronzo appears poised to further consolidate those operations within the newly merged conglomerate. "We are grateful for Tricia and Jill's contributions to the legacy KYAC businesses and their leadership across these teams," U.S. networks marketing chief Bronzo wrote in a memo to staffers early Tuesday. "Both Tricia and Jill will be here through the rest of the year, working with me as we realign the teams through this transitional period. I plan to announce the new marketing leadership structure for these networks prior to their departures." Related Stories

What is a pyramid scheme? Pyramid schemes require you to join for a fee – and the only way to get back your money is to persuade other people to join and take their fees. Scheme members are asked to sell goods or services through other members rather than direct to clients. People at the top of the pyramid make money from the fees of people lower down, rather than selling a legitimate product. The business model is unsustainable, and those at the bottom of the pyramid lose their fees with no prospect of recovering the money. Caution In Summary Pyramid schemes are scams based on unsustainable business models Members will be asked to pay large fees or make a big upfront investment in the scheme Members will be required to recruit people to the scheme in order to recoup their fees Spotting a pyramid scheme Watch out for the following warning signs of a pyramid scheme: To make money you will be required to sign up other people The scheme involves selling goods and services of little value,

hroughout the 20th century, there have been countless attempts of financial fraud around the world. As time went by, these scammers became more and more ingenious with their schemes, but one of them takes the platinum medal for developing the most elaborate Ponzi scheme that the world has ever seen, leaving over 30 million people bankrupt in a matter of a few years. Sergei Mavrodi was born in 1955 in Moscow. From a young age, he was very good at math and decided to pursue a career in finance. Sergei was quite an introvert who didn't really like people and he always kept to himself. What Sergei really liked was money and he could not get enough of it. In 1983, he was arrested for various financial frauds whilst working for a small company. The sum of money he had taken for himself was quite small so he was let off after 10 days in prison. Since then Sergei started to plan his grand Ponzi scheme. MMM Organisation MMM Акционерное общество (Russian Name) company logo (Source: Wikimedia

With inflation comes the increasing costs of many basic items. According to the monthly Consumer Price Index report, consumers are paying 11% more for grocery items than they were last year. Your necessities like food and toiletries might be the most expensive you've seen, and the price tag hike can leave you feeling like you're stretching your budget as far as it can go. Cutting back might feel even more difficult during a time when things are becoming more expensive, so Select rounded up a few apps that are here to help you earn cash back and even find discounts to save as much money as possible. The cash back you earn can be transferred into your savings account or even used to make an extra credit card or bill payment. Or, you can even use the cash back to purchase something else you're going to need. There are quite a few handy ways you can put the money to good use. Subscribe to the Select Newsletter! Our best selections in your inbox. Shopping recommendations that h

Times are getting tough for people around the world with interest rates rising, energy bills going up, and food costing more, but with the Google Opinion Rewards app (Android, iOS), you can save a bit of money on Google Play purchases on Android or even receive PayPal cash payments on iOS. By leaving the app installed on your phone, Google will occasionally give you a very short questionnaire and credits for answering which can then be used for buying books, apps, TV episodes, and films. To get started with the app, just search for Google Opinion Rewards in the App Store or Play Store and run through the quick setup screen. Once you're done with that, you'll come to the main page that shows you how much money you've earned from rewards and a blue box if there are any surveys available for you to complete. On the Android version, you can keep building your credit for a larger purchase on the Google Play Store, but

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Weekly Newsletter The best of The Saturday Evening Post in your inbox! Steve Weisman is a lawyer, college professor, author, and one of the country's leading experts in cybersecurity, identity theft, and scams. See Steve's other  Con Watch articles. According to the Direct Selling Association, a trade organization for the direct-to-consumer sales industry, consumers bought $42.7 billion of multi-level marketing products, which commonly include home care, nutrition, and beauty products. Direct selling organizations such as Mary Kay Cosmetics and Amway are legitimate businesses that can potentially be profitable for the people who sell these products. Pyramid schemes, on the other hand, may resemble legitimate multi-level marketing businesses, but are in fact illegal and likely to result in you losing money. Subscribe and get unlimited access to our online magazine archive.

In 2013, I was working as an engineer and making $80,000 a year. But I felt unfulfilled by my job, so I started a food blog called Delish D'Lites. Shortly after, I was laid off from my job. At the time, it felt like a setback. But it was actually the start of something great, because it made me realize that I didn't want to rely on just one income stream anymore. So I continued to work on my blog, even after I got another full-time engineering position. I set aside time to post once a day, sharing recipes inspired by my Puerto Rican heritage. And within three years, Delish D'Lites had grown to 15,000 monthly readers — enough to create a profitable brand. While growing my side hustle, I developed a deep interest in personal finance. In 2019, I started a money podcast called Yo Quiero Dinero to share my experience and help other people build wealth. Today, at 37, I have 10 income streams, including blog and podcast ads, affiliate marketing, speaking engagements, digital cour