Fraudulent Schemes
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SEBI Bans DHFL's Kapil Wadhawan, 5 Others From Securities Market For 5 Years
Markets regulator Sebi on Tuesday barred Dewan Housing Finance Ltd's former CMD Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years for committing financial irregularities, diverting funds, a
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Thane Businessman Cheated Of Rs 4.11 Crore In Forex Trading Scam: Cops
A 42-year-old businessman from Maharashtra's Thane city was allegedly duped of Rs 4.11 crore by cyber fraudsters, including foreign nationals, who lured him to invest in a fraudulent forex trading scheme, police said on Friday.
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A Disturbing Trend: Viral Deepfakes Promoting Fake Investment Schemes
A deepfake video of Prime Minister Narendra Modi promoting a fake investment scheme has gone viral on Facebook, posing digital risks to lakhs of potential victims.
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Over 14,000 Men Received Money Under Maharashtra's 'Ladki Bahin' Scheme
Over 14,000 men fraudulently received financial benefits under the Ladki Bahin Yojana, a scheme explicitly meant for economically disadvantaged women in Maharashtra.
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Delhi Cops Bust Transnational Lottery Scam, 6 Including 2 Nigerians Arrested
Delhi Police has claimed to have busted a transnational cheating syndicate operating in Delhi-NCR with the arrest of six people, including two Nigerians, an official said on Sunday.
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Maharashtra To Blacklist Farmers Using Fake Crop Insurance Claims: Report
The Maharashtra government has decided to blacklist farmers found submitting fake crop insurance claims, an action largely limited to intermediaries and service providers earlier, a senior official from the state agriculture department said.
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"Will Remain Friend, Adviser To Donald Trump": Elon Musk After Quitting As DOGE Chief
Elon Musk, who stepped down as the chief of DOGE, meant to save "trillions" in American taxpayer dollars, identify fraudulent government schemes, and cut bureaucracy, has said that he will continue to remain a friend and adviser to the President.
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Chinese Woman Sets Sex Worker Trap For Husband In A Bid To Get Divorce
A woman and her accomplices in China have been sentenced to jail for orchestrating a fraudulent marriage scheme to scam the husband.
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Cricketers, Schoolteachers Invested In Ponzi Scheme: Gujarat CID
Five to six cricketers and several schoolteachers have invested in a fraudulent scheme floated by a Sabarkantha district resident who is currently absconding, a Gujarat CID official said citing a probe into the 'Ponzi scam'.
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Russia Denies Engaging In Fraud Scheme To Recruit Indians In Military
The Russian Embassy in India on Saturday denied that Russia had engaged in any "public or obscure campaigns" in "fraudulent schemes" to recruit Indian citizens for military service in the country.
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Bank Employee Among 2 Arrested For Rs 48.5 Lakh Cyber Fraud In Noida: Cops
The Uttar Pradesh Police cybercrime unit has arrested two people involved in running a fraudulent scheme that duped a victim of Rs 48.5 lakh under the pretence of share market trading, officials said on Wednesday.
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Crypto Pyramid Scheme Lands 11 in Trouble, SEC Alleges $300 Million Were Raised by Fraud
A total of 11 individuals in the US have been charged with whipping-up a crypto pyramid scheme, defrauding “millions of retailers”, and churning over $300 million (roughly Rs. 2,359 crore). Carolyn Welshhans, Acting Chief of the SEC’s Crypto Assets and Cyber Unit called Forsage a fraudulent pyramid scheme launched on a massive scale and aggre...
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US SEC Charges 11 People for Promoting Fraud Crypto Pyramid, Ponzi Scheme
The US Securities and Exchange Commission (SEC) has charged 11 people for creating, and promoting a fraudulent crypto pyramid and Ponzi scheme. The scheme, Forsage, raised over $300 million (nearly Rs. 2,300 crores) from retail investors worldwide, including in the United States. Two of the defendants agreed to settle the charges and one of them ag...
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Couple Arrested For Duping 200 Women Of Rs 5 Crore: Police
A couple has been arrested from Surat in neighbouring Gujarat for allegedly duping over 200 women to the tune of Rs 5 crore in a fraudulent investment scheme that promised high returns, a Mumbai police official said on Tuesday.
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BitConnect Founder Satish Kumbhani Charged With $2-Billion Cryptocurrency Fraud by US SEC
The top US securities regulator sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion (roughly Rs. 14,600 crores) from thousands of retail investors.
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SEBI Bans DHFL's Kapil Wadhawan, 5 Others From Securities Market For 5 Years
Markets regulator Sebi on Tuesday barred Dewan Housing Finance Ltd's former CMD Kapil Wadhawan, ex-director Dheeraj Wadhawan, and four others from the securities markets for up to five years for committing financial irregularities, diverting funds, a
-
Thane Businessman Cheated Of Rs 4.11 Crore In Forex Trading Scam: Cops
A 42-year-old businessman from Maharashtra's Thane city was allegedly duped of Rs 4.11 crore by cyber fraudsters, including foreign nationals, who lured him to invest in a fraudulent forex trading scheme, police said on Friday.
-
A Disturbing Trend: Viral Deepfakes Promoting Fake Investment Schemes
A deepfake video of Prime Minister Narendra Modi promoting a fake investment scheme has gone viral on Facebook, posing digital risks to lakhs of potential victims.
-
Over 14,000 Men Received Money Under Maharashtra's 'Ladki Bahin' Scheme
Over 14,000 men fraudulently received financial benefits under the Ladki Bahin Yojana, a scheme explicitly meant for economically disadvantaged women in Maharashtra.
-
Delhi Cops Bust Transnational Lottery Scam, 6 Including 2 Nigerians Arrested
Delhi Police has claimed to have busted a transnational cheating syndicate operating in Delhi-NCR with the arrest of six people, including two Nigerians, an official said on Sunday.
-
Maharashtra To Blacklist Farmers Using Fake Crop Insurance Claims: Report
The Maharashtra government has decided to blacklist farmers found submitting fake crop insurance claims, an action largely limited to intermediaries and service providers earlier, a senior official from the state agriculture department said.
-
"Will Remain Friend, Adviser To Donald Trump": Elon Musk After Quitting As DOGE Chief
Elon Musk, who stepped down as the chief of DOGE, meant to save "trillions" in American taxpayer dollars, identify fraudulent government schemes, and cut bureaucracy, has said that he will continue to remain a friend and adviser to the President.
-
Chinese Woman Sets Sex Worker Trap For Husband In A Bid To Get Divorce
A woman and her accomplices in China have been sentenced to jail for orchestrating a fraudulent marriage scheme to scam the husband.
-
Cricketers, Schoolteachers Invested In Ponzi Scheme: Gujarat CID
Five to six cricketers and several schoolteachers have invested in a fraudulent scheme floated by a Sabarkantha district resident who is currently absconding, a Gujarat CID official said citing a probe into the 'Ponzi scam'.
-
Russia Denies Engaging In Fraud Scheme To Recruit Indians In Military
The Russian Embassy in India on Saturday denied that Russia had engaged in any "public or obscure campaigns" in "fraudulent schemes" to recruit Indian citizens for military service in the country.
-
Bank Employee Among 2 Arrested For Rs 48.5 Lakh Cyber Fraud In Noida: Cops
The Uttar Pradesh Police cybercrime unit has arrested two people involved in running a fraudulent scheme that duped a victim of Rs 48.5 lakh under the pretence of share market trading, officials said on Wednesday.
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Crypto Pyramid Scheme Lands 11 in Trouble, SEC Alleges $300 Million Were Raised by Fraud
A total of 11 individuals in the US have been charged with whipping-up a crypto pyramid scheme, defrauding “millions of retailers”, and churning over $300 million (roughly Rs. 2,359 crore). Carolyn Welshhans, Acting Chief of the SEC’s Crypto Assets and Cyber Unit called Forsage a fraudulent pyramid scheme launched on a massive scale and aggre...
-
US SEC Charges 11 People for Promoting Fraud Crypto Pyramid, Ponzi Scheme
The US Securities and Exchange Commission (SEC) has charged 11 people for creating, and promoting a fraudulent crypto pyramid and Ponzi scheme. The scheme, Forsage, raised over $300 million (nearly Rs. 2,300 crores) from retail investors worldwide, including in the United States. Two of the defendants agreed to settle the charges and one of them ag...
-
Couple Arrested For Duping 200 Women Of Rs 5 Crore: Police
A couple has been arrested from Surat in neighbouring Gujarat for allegedly duping over 200 women to the tune of Rs 5 crore in a fraudulent investment scheme that promised high returns, a Mumbai police official said on Tuesday.
-
BitConnect Founder Satish Kumbhani Charged With $2-Billion Cryptocurrency Fraud by US SEC
The top US securities regulator sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion (roughly Rs. 14,600 crores) from thousands of retail investors.
