These scams promise high returns with little risk
The Central Bureau of Investigation (CBI) filed a charge sheet on Friday, November 29, 2024, against Ranjit Kakoty, the prime accused in a massive Rs260 crore trading scam that deceived …
Category:
Investment Scams
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The legal troubles of Allen Onyeama, the CEO of Nigeria’s Air Peace, continue to mount as a U.S. court renewed an arrest warrant against him in October 2024. The federal …
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Lauchlan James MacMillan, a 48-year-old former businessman from Taranaki, has been sentenced to nearly three years in prison after being convicted of his involvement in a methamphetamine distribution ring in …
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FinancialInvestment Scams
Office Administrator Faces Charges for Allegedly Stealing Over $500,000 from Employer
Sasha-Maree Phillips, a former office administrator at Burnside Contractors, is accused of embezzling over $500,000 from the company over several years. Phillips, 49, from North New Brighton, faces charges of …
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FinancialInvestment Scams
Israeli Man Shlomo Erez Pleads Guilty to Conspiring with Ponzi Schemer Eliyahu Weinstein
Shlomo Erez, a 56-year-old man from Israel, has pleaded guilty to multiple charges in connection with a $35 million Ponzi scheme, alongside Eliyahu “Eli” Weinstein, a notorious Ponzi schemer who …
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FinancialInvestment Scams
Two Arrested in Navi Mumbai for Printing Fake Currency Notes
by Ananya MehtaTwo individuals, including a woman, were arrested by Navi Mumbai’s Financial Intelligence Unit (FIU) on Saturday for allegedly printing fake currency notes. The suspects, identified as Vivek Kumar Prem Babu …
by Ananya Mehta -
FinancialInvestment Scams
Haryana Police Arrest 3 in ₹18 Crore Investment Scam Involving 35,000 Victims
by Ananya MehtaIn a major breakthrough, Haryana police, in collaboration with the Ministry of Home Affairs’ cybersecurity team, arrested three individuals from Rohtak on Friday for their involvement in a large-scale investment …
by Ananya Mehta -
Wayne Anthony Artis, 45, of Eden, North Carolina, was arrested on November 20, 2024, on charges of insurance fraud and obtaining property by false pretense. Artis is accused of submitting …
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FinancialInvestment Scams
Zimbabwe’s Oil Pipeline Project Linked to South African Businessman’s Fraud Scandal
A South African businessman involved in a major oil pipeline project between Mozambique and Zimbabwe has been connected to a US$45 million fraud scandal in Ghana. The businessman, Errol Gregor, …
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FinancialInvestment Scams
Enforcement Directorate Arrests Prayag Group Promoters in ₹2,800 Crore Chit Fund Scam
by Ananya MehtaThe Enforcement Directorate (ED) has arrested the promoters of M/s Prayag Group of Companies, Basudeb Bagchi and his son Avik Bagchi, in connection with a money laundering case related to …
by Ananya Mehta