Cryptocurrency Investment Scheme
- All
- News
-
Bengaluru Techie Loses 55 Lakhs In Crypto Fraud On Matrimony Site
- Wednesday August 6, 2025
- Bangalore News | Reported by Deepak Bopanna
A 32-year-old IT professional from Ullal Upanagara in Bengaluru has filed a police complaint alleging he was cheated of over Rs 55 lakh by fraudsters.
-
www.ndtv.com
-
Navi Mumbai Man Loses Rs 52 Lakh In Cryptocurrency Investment Fraud
- Thursday July 31, 2025
- India News | Press Trust of India
A 60-year-old contractor from Navi Mumbai has allegedly been duped of more than Rs 52 lakh after being lured to invest in cryptocurrency for higher returns, police said on Thursday.
-
www.ndtv.com
-
ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
- Monday February 17, 2025
- Press Trust of India
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
-
www.gadgets360.com
-
Siblings Duped Of Rs 1 Crore In Crypto Scheme By 19 Members Of A Family
- Thursday October 3, 2024
- Cities | Press Trust of India
Police have registered a case against 19 members of a family in Maharashtra's Thane for allegedly duping a man and his brother of Rs 1.17 crore under the pretext of high returns on investment in a cryptocurrency scheme, an official said.
-
www.ndtv.com
-
Two Arrested in Estonia for Cheating Hundreds of Thousands in $575 Million Crypto Fraud Scheme
- Tuesday November 22, 2022
- Agence France-Presse
Authorities in Estonia have arrested two men on suspicion of defrauding $575 million (roughly Rs. 4,700 crore) from hundreds of thousands of people, police said on Monday. The joint operation involved more than 100 police officers, including around 15 US federal agents. According to a statement by the authorities, "invited people to invest in their...
-
www.gadgets360.com
-
Crypto Lender Celsius Network Sued by Former Investment Manager Alleging Fraud
- Friday July 8, 2022
- Reuters
Crypto lender Celsius Network was served with lawsuit by a former investment manager, Jason Stone, accusing the firm of using customer deposits to rig the price of its own crypto token. Celsius allegedly ran a Ponzi scheme to defraud the plaintiff KeyFi into providing services worth millions of dollars and refusing to pay for them.
-
www.gadgets360.com
-
Crypto Ponzi Scheme Busted in Kerala, Investors Allegedly Robbed of Rs. 1,200 Crore
- Tuesday March 29, 2022
- Press Trust of India
Enforcement Directorate (ED) on Tuesday said it has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore in lieu of providing crypto currency to them.
-
www.gadgets360.com
-
BitConnect’s Indian-Origin Founder Indicted in US for Running $2.4-Billion Global Ponzi Scheme
- Monday February 28, 2022
- Shomik Sen Bhattacharjee
The founder of now-defunct cryptocurrency investment platform BitConnect has been indicted by the US Department of Justice on charges of orchestrating a global ponzi scheme worth $2.4 billion (roughly Rs. 18,110 crore).
-
www.gadgets360.com
-
India Likens Cryptocurrencies Like Bitcoin to Ponzi Schemes, Cautions Investors
- Friday December 29, 2017
- Reuters
The finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as Bitcoin, saying digital currency investments are like "Ponzi schemes."
-
www.gadgets360.com
-
Government Cautions Investors on Bitcoins, Says Cryptocurrencies Like Ponzi Schemes
- Friday December 29, 2017
- Business | Thomson Reuters
There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes with investors risking a sudden and prolonged crash, the finance ministry statement said.
-
www.ndtv.com/business
-
Bengaluru Techie Loses 55 Lakhs In Crypto Fraud On Matrimony Site
- Wednesday August 6, 2025
- Bangalore News | Reported by Deepak Bopanna
A 32-year-old IT professional from Ullal Upanagara in Bengaluru has filed a police complaint alleging he was cheated of over Rs 55 lakh by fraudsters.
-
www.ndtv.com
-
Navi Mumbai Man Loses Rs 52 Lakh In Cryptocurrency Investment Fraud
- Thursday July 31, 2025
- India News | Press Trust of India
A 60-year-old contractor from Navi Mumbai has allegedly been duped of more than Rs 52 lakh after being lured to invest in cryptocurrency for higher returns, police said on Thursday.
-
www.ndtv.com
-
ED Seizes 'Biggest' Crypto Fund Worth Rs. 1,646 crore in PMLA Case
- Monday February 17, 2025
- Press Trust of India
The ED has busted a mega money laundering scheme, seizing Rs. 1,646 crore of crypto assets. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation).
-
www.gadgets360.com
-
Siblings Duped Of Rs 1 Crore In Crypto Scheme By 19 Members Of A Family
- Thursday October 3, 2024
- Cities | Press Trust of India
Police have registered a case against 19 members of a family in Maharashtra's Thane for allegedly duping a man and his brother of Rs 1.17 crore under the pretext of high returns on investment in a cryptocurrency scheme, an official said.
-
www.ndtv.com
-
Two Arrested in Estonia for Cheating Hundreds of Thousands in $575 Million Crypto Fraud Scheme
- Tuesday November 22, 2022
- Agence France-Presse
Authorities in Estonia have arrested two men on suspicion of defrauding $575 million (roughly Rs. 4,700 crore) from hundreds of thousands of people, police said on Monday. The joint operation involved more than 100 police officers, including around 15 US federal agents. According to a statement by the authorities, "invited people to invest in their...
-
www.gadgets360.com
-
Crypto Lender Celsius Network Sued by Former Investment Manager Alleging Fraud
- Friday July 8, 2022
- Reuters
Crypto lender Celsius Network was served with lawsuit by a former investment manager, Jason Stone, accusing the firm of using customer deposits to rig the price of its own crypto token. Celsius allegedly ran a Ponzi scheme to defraud the plaintiff KeyFi into providing services worth millions of dollars and refusing to pay for them.
-
www.gadgets360.com
-
Crypto Ponzi Scheme Busted in Kerala, Investors Allegedly Robbed of Rs. 1,200 Crore
- Tuesday March 29, 2022
- Press Trust of India
Enforcement Directorate (ED) on Tuesday said it has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore in lieu of providing crypto currency to them.
-
www.gadgets360.com
-
BitConnect’s Indian-Origin Founder Indicted in US for Running $2.4-Billion Global Ponzi Scheme
- Monday February 28, 2022
- Shomik Sen Bhattacharjee
The founder of now-defunct cryptocurrency investment platform BitConnect has been indicted by the US Department of Justice on charges of orchestrating a global ponzi scheme worth $2.4 billion (roughly Rs. 18,110 crore).
-
www.gadgets360.com
-
India Likens Cryptocurrencies Like Bitcoin to Ponzi Schemes, Cautions Investors
- Friday December 29, 2017
- Reuters
The finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as Bitcoin, saying digital currency investments are like "Ponzi schemes."
-
www.gadgets360.com
-
Government Cautions Investors on Bitcoins, Says Cryptocurrencies Like Ponzi Schemes
- Friday December 29, 2017
- Business | Thomson Reuters
There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes with investors risking a sudden and prolonged crash, the finance ministry statement said.
-
www.ndtv.com/business