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Select's editorial team works independently to review financial products and write articles we think our readers will find useful. We earn a commission from affiliate partners on many offers, but not all offers on Select are from affiliate partners. The PayPal Cashback Mastercard® is a straight-forward cash back credit card that delivers solid value without any frills. As you spend on the card, you'll earn 2% cash back on all purchases. The cash back you earn goes directly into your PayPal account. Below, Select breaks down the rewards, benefits and fees associated with the PayPal Cashback Mastercard to help you decide if it's right for your needs. Subscribe to the Select Newsletter! Our best selections in your inbox. Shopping recommendations that help upgrade your life, delivered weekly. Sign-up here. PayPal Cashback Credit Card Review PayPal Cashback Mastercard® Information about the PayPal Cashback Mastercard® has been collected independently by CNBC and has not...

With all the time most of us spend on our phones each day, wouldn't it be great if we could get rewarded for our addiction? Well, we can, thanks to various iPhone apps out there that can help us make a quick buck, earn cash back, donate freebies to charity, get complimentary cryptocurrency or stock, and receive other types of rewards. None of the iOS apps I'm about to show you require that you invest your own money unless you count buying merchandise and groceries that you were already going to buy, which a few apps are powered by. Some apps require a moment of your time, while others may require you to connect accounts you already have and may already spend a lot of time with. These apps won't make you a millionaire, but they're great little side hustles that can make you little bits of cash, freebies, and other investments that can pay for a meal here and there. Just go through this list, find one that fits your needs, and y...

9 March 2022 Wia dis foto come from, EFCC Di Uyo Zonal Command of di Economic and Financial Crimes Commission, EFCC, don secure di conviction and sentencing of one notorious Ponzi scheme operator, Umanah Umanah to 20 years imprisonment before Justice Agatha Okeke of di Federal High Court Uyo, Akwa Ibom State on 8 March 2022. Na 2020 di case start wen operatives of EFCC arrest Umanah following petition by one of im victims, wey allege say Umanah dupe am of over N2.9million (two million, nine hundred Thousand Naira) and give am N500, 000. 00 (Five hundred thousand naira) cheque, wey bounce as di bank dishonor am because di account no dey funded. During investigation, EFCC discover say Umanah lure im victims through big-big promises of return on investment of up to 50% in seven days through im company, No Burn Global Limited, wey get network for several States of di federation. Di court find am guilty on di two count charge bordering on false issuance of dud cheque and obtaining by false ...

By Allison Morrow, CNN Business CNN — The tale of Zachary Horwitz made headlines this week after he was sentenced to 20 years for bilking investors out of $650 million by peddling bogus licensing deals with HBO and Netflix. Ironically, it is just the kind of juicy swindler story you might binge watch on those platforms: Horwitz, a 35-year-old actor who had bit roles in a handful of low-budget films over the past decade, pleaded guilty last fall to committing federal securities fraud and running an illegal operation known as a Ponzi scheme. For years, prosecutors say, Horwitz used his investors' money to fund a lavish Hollywood lifestyle — until his scam unraveled. Ponzi schemes, explained In short, a Ponzi scheme is a type of financial fraud that uses money from new investors to pay off earlier ones. The term comes from the 1920 swindler Charles Ponzi, but in recent years has become synonymous with the crimes of Bernie Madoff, the mastermind behind the largest financia...

Despite not being a pyramid scheme, Herbalife has come to the attention of the federal government a couple of times before. In 2016, Reuters reported that Herbalife paid the government $200 million and altered its business model so that it wouldn't count as a pyramid scheme. The FTC still noted that most of the distributors in Herbalife's network either make no money or make next to nothing from their "investment." The money was intended to go to the distributors who had suffered due to the company's business model. Part of its restructure involved no longer using recruitment as the company's metric of success and focusing instead on supplement sales.  However, according to distributors who talked to Amy McCarthy, distributors can sell $100,000 worth of products in months but still be left with no money (via Eater). This is in part because Herbalife does not offer the same "deep discounts" to distributors who buy in bulk that ot...

Submission Deadline is March 15, 2022. The Global 100 List offers a unique perspective on the global impact of the industry by recognizing companies exceeding $100 million in annual revenue. It provides a range of mutual learning not only for industry members but also for researchers, investors and—most important—those seeking opportunities within the industry. Recognition for each of these companies is the culmination of months of research and the cooperation of many individuals around the world. Wherever possible, the DSN team seeks out public records and documents for publicly traded companies, and nearly 80 percent of the DSN Global 100 data is compiled from privately held companies. To participate, a company need only submit a net revenue number validated by the CEO and certified by a qualified agent via Revenue Certification Form (RCF). The ranking criteria is net sales revenue from direct selling operations before commissions and without value-added tax....

Show Caption Hide Caption FILE VIDEO: 5LINX Enterprises Inc., a 2012 Top 100 2012 file video: After only 11 years, the Henrietta company has risen to the summit of the 2012 Top 100 beginning, like many, with a friendship. Carlos Ortiz In early 2014 the Henrietta-based 5LINX Enterprises looked to be on top of the world. It had continued a run of years being ranked among the Rochester region's fastest-growing companies. New York Comptroller Thomas DiNapoli reported that a state pension fund investment in the company had reaped a $6.7 million return — four times the initial investment. But the fortunes and finances were not so rosy, court papers indicate. The coming years would find the company stung by leadership and worker defections as well as lawsuits with allegations ranging from 5LINX falsehoods peddled to investors to a more tabloid-salacious claim o...