Search For "ponzi scheme"
Cryptocurrencies are worse than Ponzi schemes, says RBI Deputy Governor
Updated : 4 years, 1 month ago IST
Mumbai (Maharashtra) [India], February 14 (ANI): Cryptocurrencies have specifically been developed to bypass the regulated financial system and it is akin to or even worse than Ponzi schemes, Reserve Bank of India (RBI) Deputy Governor T Rabi Sankar said on Monday.
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Hello Taxi multi-crore fraud: Delhi HC granted bail to two directors
Updated : 4 years, 2 months ago IST
New Delhi [India], January 18 (ANI): The Delhi High Court has granted bail to two directors, allegedly involved in the 'Hello Taxi' case, a multi-victim ponzi scheme that duped hundreds of innocent people who invested money in the firm.
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CCB Economic Offences Wing busts ponzi scheme in Karnataka
Updated : 4 years, 4 months ago IST
Bengaluru (Karnataka) [India], November 7 (ANI): The CCB Economic Offences Wing has busted a ponzi scheme promising more than 20 percent returns in HSR Layout area.
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Delhi: Three held for running ponzi scheme
Updated : 4 years, 5 months ago IST
New Delhi [India], October 13 (ANI): The Economic Offences Wing of Delhi Police has busted a Ponzi scheme worth crores and arrested three accused, said a press release by the department on Wednesday.
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Two arrested for running Ponzi scheme in Delhi
Updated : 4 years, 5 months ago IST
New India [India], October 8 (ANI): Delhi Police on Thursday arrested two persons for allegedly running a Ponzi scheme and duping people of crores of rupees.
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ED attaches assets worth Rs 26.98 cr of Rose Valley Group in money launder
Updated : 4 years, 5 months ago IST
New Delhi [India], October 6 (ANI): Enforcement Directorate (ED) on Wednesday provisionally attached assets worth Rs 26.98 crore of Rose Valley Group of companies under Prevention of Money Laundering Act, 2002 in a money laundering case.
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Rose Valley case: ED raids in Kolkata, 7 luxury vehicles seized
Updated : 4 years, 7 months ago IST
New Delhi [India], August 27 (ANI): The Enforcement Directorate (ED) has seized seven luxury vehicles from a posh locality in Kolkata in its ongoing probe against Rose Valley Group of companies, a firm accused of cheating lakhs of people through its ponzi schemes.
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Ponzi schemer Bernie Madoff dies at 82
Updated : 4 years, 11 months ago IST
North Carolina [US], April 14 (ANI): Bernie Madoff, the financer who pleaded guilty to running the largest Ponzi scheme in history, has died at the age of 82.
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41-yr-old man held in Delhi for duping over 80 people
Updated : 5 years, 1 month ago IST
New Delhi [India], February 21 (ANI): A 41-year-old man has been arrested by the Economic Offences Wing of Delhi Police for allegedly duping more than 80 innocent people to the tune of Rs 8 crores in the name of ponzi scheme.
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ED files prosecution complaint against 2 people under PMLA in Ponzi scheme
Updated : 5 years, 2 months ago IST
New Delhi [India], January 23 (ANI): The Directorate of Enforcement (ED) has filed a prosecution complaint against Radhe Shyam and Bansi Lal, owners of Haryana-based multi-level marketing (MLM) scheme promoting company in a Ponzi scheme case.
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ED attaches assets worth Rs 2.80 crore at Rajasthan's Bhilwara in ponzi sc
Updated : 5 years, 2 months ago IST
New Delhi [India], January 8 (ANI): The Directorate of Enforcement (ED) has attached houses, agricultural lands and jewellery totaling to Rs 2.80 crore belonging to Abhinav Gold International Marketing Pvt. Ltd. based in Bhilwara, Rajasthan and its directors under Prevention of Money Launder
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ED attaches assets worth Rs 4.76 cr of Mumbai based firm in Ponzi scheme c
Updated : 5 years, 2 months ago IST
New Delhi [India], December 30 (ANI): The Directorate of Enforcement (ED) has provisionally attached immovable and movable properties totaling Rs 4.76 crores of a Mumbai based firm under the Prevention of Money Laundering Act, 2002 (PMLA) in a case relating to Ponzi Scheme.
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