These scams promise high returns with little risk
In a major fraud case, Ramakrishna Rao, a resident of Banashankari, Bengaluru, was arrested for allegedly luring a businessman to invest Rs25 crore in casinos in Sri Lanka. Rao’s son …
Category:
Investment Scams
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A team of CBI officials from New Delhi arrested five individuals in Visakhapatnam on charges of cyber fraud and cheating. The arrests were made following a series of raids that …
by Ananya Mehta -
FinancialInvestment Scams
Yuta Cho Arrested for Defrauding Client of ¥10 Million in Fake Investment Scheme
Tokyo — Yuta Cho, a former employee of Nomura Securities, has been arrested by Tokyo police on suspicion of defrauding an elderly client of ¥10 million ($65,000) through a fake …
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On Sunday, the Hyderabad City Police arrested the mastermind behind a fraudulent gold trading scheme that deceived nearly 500 people out of up to Rs 1 crore. The accused, Rajesh, …
by Ananya Mehta -
FinancialInvestment Scams
Thomas Madden and Jeremy Grabow Indicted for Multi-Million Dollar Ponzi Scheme
A federal grand jury unsealed an indictment on January 31, charging Thomas Paul Madden, 66, of Washington City, Utah, and Jeremy Tyler Grabow, 54, of Ladera Ranch, California, with multiple …
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A police case has been filed against eight individuals, including four women, in connection with an investment fraud scheme that promised high returns. Two of the suspects are currently in …
by Ananya Mehta -
FinancialInvestment Scams
Thai Police Arrest Suspects in African Fraud Schemes Involving Currency and Gold
BANGKOK — Thai Immigration Police have arrested suspects involved in two distinct fraud cases, both linked to African nationals, according to Police Major General Phantana Nuchanat, Deputy Commissioner of the …
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Lamarca J. Benjamin, the CEO of AFREX Bridge Connections Ltd, has been arrested in connection with a sophisticated gold scam that defrauded two businessmen, a Romanian and a Swiss national, …
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FRESNO, Calif. (WTVG) – David Hardcastle, 61, of Fresno, has been charged with six counts of fraud following the collapse of Bitwise, a tech company that went under in May …
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Krishna Rathod, the 42-year-old key accused in the multi-crore ‘30-30′ fraud case, was arrested by the Economic Offences Wing (EOW) for his involvement in a fraudulent investment scheme that deceived …
by Ananya Mehta