Nsikayomuzi Goodman Goqo, sentenced to eight years in prison for defrauding investors of over R70 million, is seeking to appeal both his conviction and sentence. He alleges that the Pinetown …
Category:
Ponzi Scam
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A former financial services provider from Glen Burnie, Maryland, Clarence Woods Jr., 62, has pleaded guilty to running a Ponzi-style investment scheme and stealing funds from clients, according to the …
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The Pune unit of the Criminal Investigation Department (CID) has arrested Archana Suresh Kute, director of Dnyanradha Multistate Co-operative Credit Society Ltd (DMCSL) and wife of its chairman, Suresh Kute, …
by Ananya Mehta -
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Ahamba Tochukwu, the Chief Executive Officer of Gavice Logistics Limited, for allegedly running a Ponzi scheme that defrauded investors …
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PHILADELPHIA — A federal grand jury has indicted Daryl F. Heller, a 56-year-old businessman from Lititz, Pennsylvania, for operating a massive Ponzi scheme that defrauded investors out of approximately $402 …
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HEMET, CA — A Southern California woman, identified as Consuelo Carrasco-Ramirez, 53, was arrested for allegedly orchestrating a Ponzi scheme that defrauded victims out of nearly $200,000, according to the …
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Surathkal Police have arrested four individuals linked to two major “lucky scheme” scams that defrauded thousands of unsuspecting victims of crores of rupees. In one of the prominent cases, Ahmed …
by Ananya Mehta -
In a major breakthrough, the Nagaon police have arrested Anirban Deuri, the alleged mastermind behind the multi-crore Nagaon trading scam, from Faridabad, New Delhi. He had been evading arrest for …
by Ananya Mehta -
Investment ScamsPonzi Scam
Hyderabad Police Arrest AV Solutions Directors in Rs850 Cr Fraud
by Ananya MehtaHyderabad Police have cracked down on a massive organized financial fraud operated by AV Solutions, arresting two key figures involved in the scam. Gaddam Venugopal, director of AV Solutions and …
by Ananya Mehta -
FinancialInvestment ScamsPonzi Scam
Lokesh & Nikhil Joshi Arrested for Crore Ponzi Scam
by Ananya MehtaJaipur Rural Police on Saturday arrested a father-son duo, Lokesh Joshi (48) and Nikhil Joshi (22), for allegedly masterminding a multi-crore Ponzi scheme disguised as a stock market investment company. …
by Ananya Mehta