Search For "ponzi scheme"
ED seizes Rs 1.02 crore, deeds of 88 properties in Ponzi Scheme raids in U
Updated : 1 year, 3 months ago IST
The Enforcement Directorate (ED) in Lucknow on Wednesday seized an unexplained cash amounting to Rs 1.02 crore, sale deeds, and documents of 88 immovable properties, along with digital and electronic evidence during search operations in relation to a ponzi or multi-level marketing scheme lin
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ED attaches Rs 1.64-cr worth properties of NGHI Developers India Ltd in co
Updated : 2 years ago IST
Directorate of Enforcement (ED), Jalandhar has provisionally attached 64 properties worth Rs 1.64 crore of NGHI Developers India Ltd and its other group companies in connection with a Ponzi Scheme Fraud which affected thousands of investors across the states of Punjab, Rajasthan and Himachal
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CBI court grants bail to Pearl Group director Harchand Singh Gill
Updated : 2 years, 1 month ago IST
A special CBI court granted bail to Harchand Singh Gill, one of the Directors of Pearl Group, who was deported from Fiji in connection with a multi-crore Ponzi scheme.
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ED arrests Simpy Bhardwaj in connection with Gain Bitcoin Ponzi scheme
Updated : 2 years, 3 months ago IST
The ED's investigation was initiated based on multiple FIRs filed by Maharashtra Police and Delhi Police against M/s Variable Tech Pte Ltd, Amit Bhardwaj, Ajay Bhardwaj, Vivek Bhardwaj, Simpy Bhardwaj, Mahender Bhardwaj, and several MLM agents.
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CBI registers case against Universal Trading Solutions involved in multi-c
Updated : 2 years, 3 months ago IST
The Central Bureau of Investigation (CBI) has registered a case against Gowtham Ramesh, managing director of Coimbatore-based Universal Trading Solutions Pvt Ltd (UTS), over allegations of duping depositors from all over the country worth approximately Rs 3,000 crores through Ponzi schemes.
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ED issues summons to actor Prakash Raj in Rs 100-cr ponzi scheme linked to
Updated : 2 years, 4 months ago IST
The Enforcement Directorate (ED) has issued summons to actor Prakash Raj in the Rs 100 crore Ponzi scheme linked to the Pranav Jewellers money laundering case.
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EOW Odisha unearths Crypto-Ponzi scam worth Rs 1000 crore, 2 held
Updated : 2 years, 7 months ago IST
The Economic Offence Wing (EOW) of Odisha police has unearthed a pan-India cryptocurrency-based Ponzi scam worth more than Rs 1000 crore, a police official said on Monday.
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Karnataka: ED searches 5 locations in Bengaluru, Mandya in Ponzi scheme fr
Updated : 2 years, 8 months ago IST
"ED has conducted searches on 27.6.2023 at 5 locations of Bengaluru/Mandya(Karnataka) belonging to M/s Hindustan Infracon India Ltd & related persons in a Ponzi Scheme fraud case. During the searches, various incriminating documents & records of cash transactions were seized", said t
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Economic Offences Wing arrests man in Pune for running online ponzi scheme
Updated : 2 years, 11 months ago IST
The Economic Offences Wing, Bhubaneswar arrested an accused on March 30 from Pune for running an online ponzi scheme and defrauding thousands of people, said an official.
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Cyber police bust online ponzi scheme, arrest one person from outer Delhi
Updated : 3 years ago IST
An FIR was registered at the cyber police station outer district on the complaint of one Prakash when he realised that he has been duped by the group.
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ED attaches 87 properties worth Rs 4.15 crore of NGHI Developers over ponz
Updated : 3 years ago IST
The investigation in this regard was initiated by ED, Jalandhar, under the provisions of Prevention of Money Laundering Act, 2002, in compliance with the directions of the High Court of Punjab and Haryana.
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Ponzi scheme: ED conducts raids in 3 states, recovers Rs 34 lakh; Manipur
Updated : 3 years, 2 months ago IST
The scheme was operated by accused Sanasam Jacky Singh, Managing Director of Lamjingba Group. He had been arrested and remanded to ED custody.
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