These scams promise high returns with little risk
A 72-year-old couple in Naples, Florida, lost more than $2 million in gold after falling victim to an elaborate scam involving threats and deception. According to Lt. Bryan McGinn of …
Category:
Investment Scams
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The U.S. Attorney’s Office for the Northern District of Illinois has announced charges against seven foreign nationals involved in a massive international “pump-and-dump” investment fraud scheme. The accused individuals, including …
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On Wednesday, the Namakkal District Crime Branch (DCB) police arrested A. Kalaiselvan, a 43-year-old steel company proprietor from Avudaiyarkovil in Pudukkottai district, for allegedly cheating Rs15 crore. In 2023, Kalaiselvan …
by Ananya Mehta -
The Economic Offences Wing (EOW) police in Erode arrested a 48-year-old ex-army man on Wednesday for allegedly defrauding 345 investors of Rs62 crore. Naveenkumar, 38, and Muthuselvan, a former soldier …
by Ananya Mehta -
Investment ScamsMoney-Laundering Scams
Two Arrested in Rs 1.56 Crore Online Trading Scam in Mangadu
by Ananya MehtaThe cybercrime wing of the Avadi Central Crime Branch (CCB) has arrested two individuals involved in defrauding a civil engineer from Mangadu, Chennai, of Rs 1.56 crore in an online …
by Ananya Mehta -
Government scamInvestment Scams
Gona Kanta Hazarika and Umesh Hazarika Arrested in Postal Fraud Case
by Ananya MehtaThe Pakke Kesang District Police have successfully apprehended Gona Kanta Hazarika and Umesh Hazarika, two individuals accused of orchestrating a large-scale fraud that targeted several individuals and businesses associated with …
by Ananya Mehta -
Jonathan Moynahan Larmore, 51, from Syracuse, Indiana, has been sentenced to five years in prison for securities fraud and tender offer fraud, the U.S. Attorney’s Office for the Southern District …
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Five former executives of Theia Group, Inc. have been charged in a $250 million fraud case that misled investors and lenders regarding the company’s satellite program. According to the U.S. …
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Investment Scams
Kolkata Police Bust Cyber Fraud Gang Involved in Stock Market Scams
by Ananya MehtaKolkata Police have successfully busted a cyber fraud gang allegedly involved in stock market scams, duping investors out of lakhs of rupees. Four individuals were arrested in connection with the …
by Ananya Mehta -
A Tennessee couple, Trey and Emily Knight, pleaded guilty to federal fraud charges, admitting to defrauding investors and making false statements in bankruptcy filings, as reported by the U.S. Attorney’s …