The 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 …
Category:
Ponzi Scam
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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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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 …
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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 …