Ponzi Fraud
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Indian Businessman Refused Permission To Appeal In Trafigura Nickel Fraud Suit
Indian businessman Prateek Gupta was refused permission by London's High Court on Thursday to appeal against a ruling that he defrauded commodities trader Trafigura over fake nickel cargoes.
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Capital Protection Force Chief Operating Officer Arrested In Rs 792 Crore Scam
The Enforcement Directorate (ED) has arrested Aryan Singh, Chief Operating Officer of Capital Protection Force Pvt Ltd, in connection with the Rs 792 crore Ponzi scheme disguised as an invoice discounting platform.
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Ukraine Woman Among Masterminds Of Mumbai's Massive Ponzi Scam, Probe Finds
Two Ukrainian nationals, including a woman, have been identified as the masterminds of the Ponzi scam that has duped hundreds in Mumbai after promising them big returns on their investment
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5 Locations Searched In Bengaluru, Karnataka's Mandya In Ponzi Fraud Case
The Enforcement Directorate (ED), on Tuesday conducted searches at 5 locations in Bengaluru and Mandya district of Karnataka, according to the Enforcement Directorate (ED).
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Cash, Jewellery Worth Over 6 Crores Seized in Nagpur Investment Fraud Case
The Enforcement Directorate (ED) on Monday said it has seized Rs 1.21 crore cash and gold and diamond jewellery worth more than Rs 5 crore after it raided some Nagpur-based persons in a money laundering case linked to alleged investment fraud.
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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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Assets Of Ex Odisha MLA, Media Firm Attached In Ponzi Case
The Enforcement Directorate has attached assets worth over Rs 3.92 crore of a former BJD MLA and a media company in a money laundering case against the Seashore Group of companies accused of perpetrating an alleged ponzi fraud, officials said.
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Crypto Lender Celsius Network Sued by Former Investment Manager Alleging Fraud
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.
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OneCoin Ponzi Scheme Mastermind Ruja Ignatova Now in Europol's Most Wanted Criminal List
Ruja Ignatova, the founder of Ponzi scheme OneCoin, has been added to Europe’s list of most wanted fugitives as of Wednesday. Ignatova is known for being the founding head of OneCoin, one of the biggest scams in the history of crypto, and the basis of the BBC podcast series, titled The Missing Cryptoqueen.
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Indian Businessman Refused Permission To Appeal In Trafigura Nickel Fraud Suit
Indian businessman Prateek Gupta was refused permission by London's High Court on Thursday to appeal against a ruling that he defrauded commodities trader Trafigura over fake nickel cargoes.
-
Capital Protection Force Chief Operating Officer Arrested In Rs 792 Crore Scam
The Enforcement Directorate (ED) has arrested Aryan Singh, Chief Operating Officer of Capital Protection Force Pvt Ltd, in connection with the Rs 792 crore Ponzi scheme disguised as an invoice discounting platform.
-
Ukraine Woman Among Masterminds Of Mumbai's Massive Ponzi Scam, Probe Finds
Two Ukrainian nationals, including a woman, have been identified as the masterminds of the Ponzi scam that has duped hundreds in Mumbai after promising them big returns on their investment
-
5 Locations Searched In Bengaluru, Karnataka's Mandya In Ponzi Fraud Case
The Enforcement Directorate (ED), on Tuesday conducted searches at 5 locations in Bengaluru and Mandya district of Karnataka, according to the Enforcement Directorate (ED).
-
Cash, Jewellery Worth Over 6 Crores Seized in Nagpur Investment Fraud Case
The Enforcement Directorate (ED) on Monday said it has seized Rs 1.21 crore cash and gold and diamond jewellery worth more than Rs 5 crore after it raided some Nagpur-based persons in a money laundering case linked to alleged investment fraud.
-
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...
-
Assets Of Ex Odisha MLA, Media Firm Attached In Ponzi Case
The Enforcement Directorate has attached assets worth over Rs 3.92 crore of a former BJD MLA and a media company in a money laundering case against the Seashore Group of companies accused of perpetrating an alleged ponzi fraud, officials said.
-
Crypto Lender Celsius Network Sued by Former Investment Manager Alleging Fraud
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.
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OneCoin Ponzi Scheme Mastermind Ruja Ignatova Now in Europol's Most Wanted Criminal List
Ruja Ignatova, the founder of Ponzi scheme OneCoin, has been added to Europe’s list of most wanted fugitives as of Wednesday. Ignatova is known for being the founding head of OneCoin, one of the biggest scams in the history of crypto, and the basis of the BBC podcast series, titled The Missing Cryptoqueen.
