Defraud Investors
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1 Firm, A Ponzi Scheme And Rs 1,600-Crore Scam: Probe Agency Files Chargesheet
Thousands were lured by profits and made to invest in schemes through a company named LFS Broking. People were assured quick returns, but an investor's worst nightmare came true; the schemes were Ponzi, and at least Rs 1,600 crore was swindled.
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How 2 Brothers Duped 70,000 People Of Rs 2,700 Crore Over "Smart City"
Two brothers from Rajasthan - Subhash Bijarani and Ranveer Bijarani - have allegedly duped about 70,000 people of Rs 2,676 crore along with their associates.
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Man Arrested For Duping Investors Of Over Rs 48 Lakh Via Fake Trading App In Delhi
A 29-year-old man was tracked down and held in Maharashtra for allegedly defrauding multiple investors of over Rs 48 lakh in Outer North Delhi, police said Tuesday.
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Elon Musk, Tesla Win Dismissal of Lawsuit Over Alleged Dogecoin Manipulation
Elon Musk and Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping Dogecoin. Investors accused the world's richest person of using Twitter posts, a 2021 appearance on NBC's "Saturday Night Live" and other publicity stunts to trade profitably at their expense through several dogecoin wallets that he or Tesla c...
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Lawsuit Claiming Elon Musk, Tesla Rigged Dogecoin Dismissed
Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogecoin and conducting insider trading, causing billions of dollars of losses.
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US Attorney Recovers $50 Million For Defrauded Gemini Earn Crypto Investors
"Gemini marketed its Earn program as a way for investors to grow their money, but actually lied and locked investors out of their accounts," James said. "Today's settlement will make defrauded investors whole."
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How 2 Indian Restaurants Duped Investors Of Rs 3 Crore In US
Bombay Clay Oven and Saucy Bombay, two Indian restaurants in the US state of Colorado have been accused of defrauding investors of $380,000 or Rs 3,16,56,926 by employing deceptive tactics, including "half-truths and lies".
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Creator of Mutant Ape Yacht Club NFT Knock-Offs Pleads Guilty of Rug Pull, Theft
Aurelien Michel, the developer behind NFT collection named the ‘Mutant Ape Planet’ series, has pleaded guilty to defrauding innocent members of the crypto community. Michel was luring-in investors to purchase his fake Mutant Apes-inspired NFT pieces before he abandoned the project all together.
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Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
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Elon Musk Found Not Liable in 2018 Tweets Regarding Tesla’s Share Price
Elon Musk was found free of all charges against him after a jury on Friday decided that the billionaire didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal. The nine-member jury reached its verdict after less than two hours of deliberation following a three-week trial.
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My Big Coin Founder Gets 8-Year Jail Term for Crypto Fraud, Ordered to Pay $7.7 Million
Randall Crater, founder of a now-defunct cryptocurrency business, was sentenced to more than eight years in prison for defrauding investors and customers out of millions of dollars by falsely marketing My Big Coin, a virtual currency. Crater, who was sentenced to 100 months in total and ordered to forfeit nearly $7.7 million (roughly Rs. 63 crore),...
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Former CEO Of McDonald's Fined $400,000 By US Agency For Defrauding Investors
US authorities on Monday fined former McDonald's CEO Stephen Easterbrook and barred him from serving as a public company officer for five years after accusing him of defrauding investors in connection with his termination in 2019.
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FTX's Sam Bankman-Fried Charged by US SEC For Defrauding Investors Out of Billions of Dollars
Sam Bankman-Fried was charged with defrauding customers out of billions of dollars, by the US Securities and Exchange Commission on Tuesday. SEC Chair Gary Gensler said the agency has alleged that Bankman-Fried built a "house of cards on a foundation of deception" and told investors that FTX was one of the safest buildings in crypto.
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Theranos Founder Elizabeth Holmes Jailed For 11 Years Over Fraud
Fallen US biotech star Elizabeth Holmes was sentenced Friday to just over 11 years in prison for defrauding investors with her Silicon Valley startup firm Theranos.
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Theranos's Elizabeth Holmes, Convicted, Seeks Leniency: "2nd Child On Way"
Fallen US biotech star Elizabeth Holmes faces sentencing on Friday after being found guilty of defrauding investors and endangering patients in a case that became an indictment of Silicon Valley.
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1 Firm, A Ponzi Scheme And Rs 1,600-Crore Scam: Probe Agency Files Chargesheet
Thousands were lured by profits and made to invest in schemes through a company named LFS Broking. People were assured quick returns, but an investor's worst nightmare came true; the schemes were Ponzi, and at least Rs 1,600 crore was swindled.
-
How 2 Brothers Duped 70,000 People Of Rs 2,700 Crore Over "Smart City"
Two brothers from Rajasthan - Subhash Bijarani and Ranveer Bijarani - have allegedly duped about 70,000 people of Rs 2,676 crore along with their associates.
-
Man Arrested For Duping Investors Of Over Rs 48 Lakh Via Fake Trading App In Delhi
A 29-year-old man was tracked down and held in Maharashtra for allegedly defrauding multiple investors of over Rs 48 lakh in Outer North Delhi, police said Tuesday.
-
Elon Musk, Tesla Win Dismissal of Lawsuit Over Alleged Dogecoin Manipulation
Elon Musk and Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping Dogecoin. Investors accused the world's richest person of using Twitter posts, a 2021 appearance on NBC's "Saturday Night Live" and other publicity stunts to trade profitably at their expense through several dogecoin wallets that he or Tesla c...
-
Lawsuit Claiming Elon Musk, Tesla Rigged Dogecoin Dismissed
Elon Musk and his electric vehicle company Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by hyping the cryptocurrency dogecoin and conducting insider trading, causing billions of dollars of losses.
-
US Attorney Recovers $50 Million For Defrauded Gemini Earn Crypto Investors
"Gemini marketed its Earn program as a way for investors to grow their money, but actually lied and locked investors out of their accounts," James said. "Today's settlement will make defrauded investors whole."
-
How 2 Indian Restaurants Duped Investors Of Rs 3 Crore In US
Bombay Clay Oven and Saucy Bombay, two Indian restaurants in the US state of Colorado have been accused of defrauding investors of $380,000 or Rs 3,16,56,926 by employing deceptive tactics, including "half-truths and lies".
-
Creator of Mutant Ape Yacht Club NFT Knock-Offs Pleads Guilty of Rug Pull, Theft
Aurelien Michel, the developer behind NFT collection named the ‘Mutant Ape Planet’ series, has pleaded guilty to defrauding innocent members of the crypto community. Michel was luring-in investors to purchase his fake Mutant Apes-inspired NFT pieces before he abandoned the project all together.
-
Cryptocurrency Firms Gemini, DCG, Genesis Sued in US for Alleged $1 Billion Fraud
New York Attorney General Letitia James on Thursday sued cryptocurrency firms Genesis Global, its parent company Digital Currency Group (DCG) and Gemini for allegedly "defrauding" investors of more than $1 billion.
-
Elon Musk Found Not Liable in 2018 Tweets Regarding Tesla’s Share Price
Elon Musk was found free of all charges against him after a jury on Friday decided that the billionaire didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal. The nine-member jury reached its verdict after less than two hours of deliberation following a three-week trial.
-
My Big Coin Founder Gets 8-Year Jail Term for Crypto Fraud, Ordered to Pay $7.7 Million
Randall Crater, founder of a now-defunct cryptocurrency business, was sentenced to more than eight years in prison for defrauding investors and customers out of millions of dollars by falsely marketing My Big Coin, a virtual currency. Crater, who was sentenced to 100 months in total and ordered to forfeit nearly $7.7 million (roughly Rs. 63 crore),...
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Former CEO Of McDonald's Fined $400,000 By US Agency For Defrauding Investors
US authorities on Monday fined former McDonald's CEO Stephen Easterbrook and barred him from serving as a public company officer for five years after accusing him of defrauding investors in connection with his termination in 2019.
-
FTX's Sam Bankman-Fried Charged by US SEC For Defrauding Investors Out of Billions of Dollars
Sam Bankman-Fried was charged with defrauding customers out of billions of dollars, by the US Securities and Exchange Commission on Tuesday. SEC Chair Gary Gensler said the agency has alleged that Bankman-Fried built a "house of cards on a foundation of deception" and told investors that FTX was one of the safest buildings in crypto.
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Theranos Founder Elizabeth Holmes Jailed For 11 Years Over Fraud
Fallen US biotech star Elizabeth Holmes was sentenced Friday to just over 11 years in prison for defrauding investors with her Silicon Valley startup firm Theranos.
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Theranos's Elizabeth Holmes, Convicted, Seeks Leniency: "2nd Child On Way"
Fallen US biotech star Elizabeth Holmes faces sentencing on Friday after being found guilty of defrauding investors and endangering patients in a case that became an indictment of Silicon Valley.
