Ponzi Scam

The Delhi Police Economic Offences Wing (EOW) apprehended a couple, Chanderdeep Chamoli and Sarita Chamoli, for allegedly defrauding 48 investors of approximately Rs 2 crore through unauthorized committee schemes. According …

New Delhi: A 36-year-old advocate, Sanjay, has been arrested for allegedly masterminding a Rs100 crore investment fraud that duped around 200 investors through a Ponzi-style scheme promising high stock market …

A Fort Lauderdale man has been sentenced to 20 years in federal prison for his role in a massive Ponzi scheme that defrauded more than 150 investors of a combined …

ATLANTA, Ga. — The founder and CEO of a Georgia-based financial advisory firm has pleaded guilty to wire fraud in a Ponzi scheme that defrauded more than 2,000 investors out …

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 …

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, …

The 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 …

A 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 …

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. …

What 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 …