A form of investment where returns are based on recruiting new members rather than actual profits. The scheme collapses when it becomes impossible to recruit enough new participants
In a major breakthrough, the State GST (SGST) Department has uncovered a Rs186 crore GST scam involving large-scale tax evasion in the copper business. The scam came to light following …
Malad Police have registered a case against three directors of a real estate company for defrauding 19 flat buyers to the tune of Rs12.50 crore. The accused, Prakshal Vanavat, Ranvijay …
Shelly Cullen, a woman who once boasted about being “one of the biggest scammers in New Zealand,” has been sentenced to pay over $5.9 million in penalties for promoting a …
A Malaysian businessman accused of orchestrating a massive fraud syndicate has been extradited from Thailand to China in a case involving more than 100 billion yuan (approximately $14 billion). Tedy …
Delhi’s Shahdara Cyber Police have arrested Chinese national Fang Chenjin for his involvement in a major online stock trading scam amounting to Rs 43.5 lakh. The scam is part of …
Maitri Vihar Police in Bhubaneswar have arrested a man, Artabandhu Jena, on charges of embezzling a staggering Rs 5.35 crore from his employer, Sai Darbar Infratech Pvt Ltd. Jena, who …
T.K.G. Kapila Dhammika Kumara Ranasinghe, a 52-year-old man, was arrested at Bandaranaike International Airport (BIA) on November 8, 2023, after returning from Malaysia. He is accused of orchestrating a massive …
by Gareth Vipers Malaysian businessman Leonard Francis, infamously known as “Fat Leonard,” has been sentenced to 15 years in federal prison and ordered to pay $20 million for orchestrating one …
The City Crime Branch police have seized Rs2,73,27,500 in cash that was being transported illegally without proper documentation. The cash was discovered hidden in the modified cabin of a goods …
The Delhi Police has dismantled an online investment fraud syndicate that allegedly swindled a senior resident from Safdarjung Hospital out of over Rs29 lakh. The victim, Ashish Lakhote, filed a …
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