Investment Scams

Sai Babu, the chit fund trader operating under the name Shri Sai Ram Finance, has been arrested for defrauding 1,542 victims out of Rs50 crore. For several years, Sai Babu …

Yasir G. Hamed, a 59-year-old accountant from Woodbridge, Connecticut, has been charged with defrauding the Paycheck Protection Program (PPP) of more than $700,000. The U.S. Attorney’s Office for the District …

The Hyderabad Cyber Crime Police has successfully dismantled three fraud rings operating out of Gujarat, leading to the arrest of seven individuals. These gangs were allegedly responsible for 983 online …

Brett Michael Bartlett, 37, from Fountain Valley, California, has been sentenced to 188 months (approximately 15.5 years) in federal prison for his role in a large-scale fraud scheme that defrauded …

Prabhat Kumar Nahak, a youth from Koraput, Odisha, has allegedly defrauded over 20 businessmen across the country to the tune of Rs200 crore by luring them into a fraudulent electric …

A mother and son from Hialeah, Florida, are heading to prison after robbing a store owner of $750,000 worth of gold jewelry. Julian Flores, 25, and his mother Lourdes Diaz, …

In a major investment scam, Jigar Nimawat and Deepak Shah have been arrested by the Economic Offences Wing (EOW) of the Crime Branch for defrauding Bopal residents of nearly Rs57 …