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 significant breakthrough, the Badarpur Police have arrested Sufiyan Chowdhury, a TET-qualified teacher, in connection with a multi-crore online trading scam that duped scores of unsuspecting investors. Sufiyan had …
Sirsa Police have arrested four individuals involved in a cyber fraud case amounting to Rs 23 lakh. The accused were apprehended in Kanpur, Uttar Pradesh, after being linked to a …
In a significant crackdown on an international MLM fraud, Rajasthan Police raided the operations of the banned Hong Kong-based Q-NET Vihan company, notorious for running a pyramid scheme. The police …
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 …
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