Ponzi Scheme
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Probe Agency Raids 32nd Avenue Group In Rs 500 Crore Scam, Seizes Cash, Gold
New Delhi, April 16 (IANS In fresh action in a Rs 500 crore ponzi scheme fraud, the ED searched seven premises across Delhi-NCR, Goa, Jaipur and Mumbai linked to 32nd Avenue Group and seized Rs 1.05 crore cash and jewellery items worth Rs 1.5 crore,
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GainBitcoin Crypto Scam Case: CBI Arrests Darwin Labs CTO and Co-Founder Ayush Varshney
The CBI has arrested Darwin Labs co-founder and CTO Ayush Varshney in connection with the GainBitcoin cryptocurrency scam. Investigators allege the scheme promised investors fixed Bitcoin returns through cloud mining but operated as a Ponzi-style operation. Authorities claim the technical infrastructure, including the MCAP token and related platfor...
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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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Babar Azam, Mohammad Rizwan At Risk Of Losing "Millions Of Rupees". Here's Why
Several top Pakistan cricketers, including former captain Babar Azam, Mohammad Rizwan and pace spearhead Shaheen Shah Afridi, have allegedly fallen victim to a Ponzi scheme that could cost them millions of rupees, a source has said.
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Probe Agency ED Busts Rs 2,300-Crore Crypto Scam Across Himachal, Punjab
The Enforcement Directorate conducted coordinated search operations at eight locations across Himachal Pradesh and Punjab on Saturday in connection with a fake cryptocurrency-based Ponzi and Multi-Level Marketing (MLM) scam.
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China's 'Cryptoqueen' Jailed In UK Over $6.6 Billion Bitcoin Scam
A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi scheme was sentenced by a UK court on Tuesday to over 11 years in prison.
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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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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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Probe Agency ED Restores Assets Worth Rs 611 Crore To Ponzi Scam Victims
In a breakthrough in the Agri Gold Ponzi scheme case, the Hyderabad zonal office of the Enforcement Directorate (ED) has successfully restituted attached properties worth approximately Rs 611 crore (at the time of attachment) to the victims.
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Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
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Thousands Of Indian Investors Duped Of $100 Million In Ponzi Scheme: Cops
Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme that duped them into making short-term investments promising high returns.
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Ukrainian Actor Arrested In Mumbai Ponzi Scam In Which Hundreds Were Cheated
A Ukrainian actor has been arrested in a Ponzi scam which cheated hundreds in Mumbai by promising high returns on investments.
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Jewellery Chain, Bonus Scheme, Limited Offer: Mumbai Scam Dupes Thousands
A jewellery chain with several stores in Mumbai has allegedly duped hundreds through a Ponzi scheme promising high returns. Torres jewellery has, however, shifted the blame to its CEO and other staff members
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Bernie Madoff Ponzi Scheme Victims To Receive Final $131 Million Compensation
Thousands of people defrauded by Bernard Madoff's infamous Ponzi scheme will soon receive the final instalment of their compensation, ending an effort that has spanned over a decade.
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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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Probe Agency Raids 32nd Avenue Group In Rs 500 Crore Scam, Seizes Cash, Gold
New Delhi, April 16 (IANS In fresh action in a Rs 500 crore ponzi scheme fraud, the ED searched seven premises across Delhi-NCR, Goa, Jaipur and Mumbai linked to 32nd Avenue Group and seized Rs 1.05 crore cash and jewellery items worth Rs 1.5 crore,
-
GainBitcoin Crypto Scam Case: CBI Arrests Darwin Labs CTO and Co-Founder Ayush Varshney
The CBI has arrested Darwin Labs co-founder and CTO Ayush Varshney in connection with the GainBitcoin cryptocurrency scam. Investigators allege the scheme promised investors fixed Bitcoin returns through cloud mining but operated as a Ponzi-style operation. Authorities claim the technical infrastructure, including the MCAP token and related platfor...
-
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.
-
Babar Azam, Mohammad Rizwan At Risk Of Losing "Millions Of Rupees". Here's Why
Several top Pakistan cricketers, including former captain Babar Azam, Mohammad Rizwan and pace spearhead Shaheen Shah Afridi, have allegedly fallen victim to a Ponzi scheme that could cost them millions of rupees, a source has said.
-
Probe Agency ED Busts Rs 2,300-Crore Crypto Scam Across Himachal, Punjab
The Enforcement Directorate conducted coordinated search operations at eight locations across Himachal Pradesh and Punjab on Saturday in connection with a fake cryptocurrency-based Ponzi and Multi-Level Marketing (MLM) scam.
-
China's 'Cryptoqueen' Jailed In UK Over $6.6 Billion Bitcoin Scam
A Chinese woman who was found with 5 billion pounds ($6.6 billion) in Bitcoin after defrauding more than 128,000 people in China in a Ponzi scheme was sentenced by a UK court on Tuesday to over 11 years in prison.
-
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.
-
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.
-
Probe Agency ED Restores Assets Worth Rs 611 Crore To Ponzi Scam Victims
In a breakthrough in the Agri Gold Ponzi scheme case, the Hyderabad zonal office of the Enforcement Directorate (ED) has successfully restituted attached properties worth approximately Rs 611 crore (at the time of attachment) to the victims.
-
Tamil Nadu DGP Unveils ‘Handbook for Investigations into Virtual Digital Assets’: All Details
Tamil Nadu’s Director General of Police, Shankar Jiwal, has unveiled a guide for police officials on how to investigate crypto-related crimes. The handbook contains industry insights on crypto crimes like money laundering, ponzi schemes, and cyber fraud. It also covers key legal provisions around crypto and Web3.
-
Thousands Of Indian Investors Duped Of $100 Million In Ponzi Scheme: Cops
Thousands of investors in India are scrambling to recoup nearly $100 million after they were caught in a Ponzi scheme that duped them into making short-term investments promising high returns.
-
Ukrainian Actor Arrested In Mumbai Ponzi Scam In Which Hundreds Were Cheated
A Ukrainian actor has been arrested in a Ponzi scam which cheated hundreds in Mumbai by promising high returns on investments.
-
Jewellery Chain, Bonus Scheme, Limited Offer: Mumbai Scam Dupes Thousands
A jewellery chain with several stores in Mumbai has allegedly duped hundreds through a Ponzi scheme promising high returns. Torres jewellery has, however, shifted the blame to its CEO and other staff members
-
Bernie Madoff Ponzi Scheme Victims To Receive Final $131 Million Compensation
Thousands of people defrauded by Bernard Madoff's infamous Ponzi scheme will soon receive the final instalment of their compensation, ending an effort that has spanned over a decade.
-
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'.
