Visakhapatnam cybercrime police arrested four individuals for running a crypto-based MLM (Multi-Level Marketing) scam under names such as UMT, UBIT, Ultraverse, and MMMC. The accused were identified as: Nagireddy Sudheer …
Category:
Ponzi Scam
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Jordan Chirico, 41, has been charged in connection with an alleged $200 million Ponzi scheme centered on water vending machines. He is now facing both criminal charges and civil litigation, …
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Fake Financial Services ScamsFinancialPonzi Scam
Indore Duo Arrested for Rs 41 Lakh Online Stock Scam
by Ananya MehtaThe Devbhumi Dwarka police arrested a 24-year-old school dropout, Pankaj Rathor, and his uncle, Basant Solanki (51), from Indore for allegedly running a Ponzi-style online stock investment scheme using Facebook …
by Ananya Mehta -
CryptoCryptocurrency ScamsPonzi Scam
Ravindranath Soni’s Rs 970 Crore Ponzi Scam Probe
by Ananya MehtaA Special Investigation Team (SIT) and crime branch sleuths reached Dehradun on Wednesday evening, accompanied by Ravindranath Soni, the alleged kingpin of a Ponzi scam defrauding investors of over Rs …
by Ananya Mehta -
Asansol North Police have busted a major Ponzi scheme and arrested four individuals from Kolkata in connection with a fraud estimated at over Rs200 crore, which affected several thousand investors. …
by Ananya Mehta -
FinancialInvestment ScamsPonzi Scam
Mohammad Subhani Busted for Rs200 Cr Multi-State Scam
by Ananya MehtaWhat began as a localized online trading scam in Kavali, Nellore district, has escalated into a multi-state fraud orchestrated by Mohammad Subhani, who posed as a financial consultant. Investigations reveal …
by Ananya Mehta -
FinancialInvestment ScamsPonzi Scam
Pratap Kumar Rout Held in Rs1,000-Crore Hedgex Scam
by Ananya MehtaThe Economic Offences Wing (EOW) of the Odisha Crime Branch has arrested Pratap Kumar Rout, the Odisha head of Hedgex Fund, for his alleged role in a Rs1,000-crore investment fraud …
by Ananya Mehta -
Actor Zachary J. Horwitz — known professionally as Zach Avery — is the focus of a new Prime Video docuseries exploring one of Hollywood’s most shocking financial frauds. Titled “Hollywood …
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FinancialInvestment ScamsPonzi Scam
Thane Police Arrest 4 in Phoenix Investments Multi-Crore Ponzi Scam
by Ananya MehtaThe Economic Offences Wing (EOW) of Thane City Police has uncovered a multi-crore Ponzi and investment fraud that duped thousands of investors—mainly working-class individuals—out of their hard-earned money. The scam …
by Ananya Mehta -
NEW YORK (WSJ/CBS12) — Federal prosecutors have charged financier Paul Regan with orchestrating a massive investment fraud scheme that defrauded more than 300 investors out of at least $50 million, …
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