Search For "ponzi schemes"
CBI dismantles transnational cyber fraud network, chargesheet filed agains
Updated : 3 months, 1 week ago IST
The Central Bureau of Investigation (CBI) has filed a chargesheet against 17 accused persons, including 4 Foreign nationals, and 58 companies, after unearthing a large, well-organised transnational cyber fraud network operating across multiple States in India, the CBI said in a press rele
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Amdark Limited Launches Comprehensive Investment Fraud Recovery Program to
Updated : 8 months, 1 week ago IST
New Delhi [India], July 16: Amdark Limited, a global leader in financial recovery and digital forensic services, today introduced its expanded Investment Fraud Recovery Program, designed to help victims of online scams--including cryptocurrency, forex, binary options, Ponzi schemes, and phis
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ED restitutes Rs 611-cr to victims of Ponzi schemes launched by Agri Gold
Updated : 9 months, 2 weeks ago IST
The Enforcement Directorate (ED) has restituted the attached properties worth Rs 611 crore (value of properties at the time of attachment) to the victims of Ponzi schemes launched by Agri Gold group of companies, the agency said on Friday.
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CBI books seven people in cryptocurrency Ponzi Scheme case involving trans
Updated : 1 year, 2 months ago IST
The agency conducted searches at 10 locations across seven States and union territories. In the searches, several incriminating digital evidence and devices were discovered including Cash of Rs 34 lakh, Digital Virtual Assets of USD 38,414 (approx) in the cryptocurrency wallets.
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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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Ponzi Schemes: CBI books 132 firms in 100 FIRs since 2019; ED 87 PMLA case
Updated : 3 years, 7 months ago IST
New Delhi, August 8 (ANI) The Central Bureau of Investigation (CBI) has registered 100 cases involving 132 firms relating to Ponzi schemes in the last three and half years -- since 2019, while the Enforcement Directorate (ED) launched 87 money laundering inquiries in such cases during the pe
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Illegal activities by Chinese nationals grave concern for Nepali authoriti
Updated : 3 years, 8 months ago IST
Beijing [China], July 1 (ANI): Chinese nationals in Nepal are often found to carry out financial frauds such as running Ponzi schemes online and scamming foreign nationals with lures of easy loans and amid this, the investigation department seems to lack expertise due to which the investigat
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3 Chinese held after police raid software firm in Nepal
Updated : 3 years, 8 months ago IST
Kathmandu [Nepal], July 1 (ANI): Nepal Police have arrested three Chinese nationals and a Nepali national from Kaski District with 4.6 million Nepali rupees after raiding a firm suspected to be involved in illegal activities.
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President allows Ladakh LG to use BUDS Act to ban ponzi schemes, unregulat
Updated : 3 years, 9 months ago IST
New Delhi [India], June 2 (ANI): President Ram Nath Kovind on Thursday directed the Ladakh Lieutenant Governor RK Mathur to exercise the powers and discharge the functions of the appropriate government under the Banning of Unregulated Deposit Schemes Act, 2019 in the Union Territory to curb
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Nepal concerned over rising illegal activities by Chinese nationals
Updated : 3 years, 10 months ago IST
Kathmandu [Nepal], May 9 (ANI): Nepal is turning out to be a gateway for Chinese criminals and the Himalayan nation has raised concern over the increasing involvement of Chinese nationals in illegal activities.
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ED attaches assets worth Rs 6.28 cr of Saradha Group of Companies in Assam
Updated : 3 years, 11 months ago IST
New Delhi [India], April 22 (ANI): The Enforcement Directorate (ED) has attached assets worth Rs 6.28 crore of Saradha Group of Companies in Assam for running illegal Ponzi schemes by befooling common people, the agency said on Friday.
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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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