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 …
Category:
Ponzi Scam
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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 -
In a bizarre yet alarming case of fraud, the Navi Mumbai Police arrested two individuals who allegedly swindled a lawyer out of Rs20 lakh by promising to double his money …
by Ananya Mehta -
CryptoCryptocurrency ScamsInvestment ScamsPonzi Scam
Vinod Kumar Arrested for Rs 19 Lakh Ponzi Scam ‘Dollar Win Exchange’
by Ananya MehtaVinod Kumar, a resident of Sri Ganganagar, Rajasthan, was arrested for defrauding over 150 people through a Ponzi scheme called ‘Dollar Win Exchange’. The scam promised unrealistic monthly returns of …
by Ananya Mehta -
CLEVELAND, Ohio (WOIO) – Former podcaster and licensed real estate agent Matthew Motil, 45, of North Olmsted, has been sentenced to 70 months in federal prison for orchestrating a Ponzi …
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Though Charles Ponzi has been dead for over 75 years, the infamous Ponzi scheme named after him lives on. On July 11, James Wellesley was arraigned in Federal Court in …
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In a major development, the Economic Offences Wing (EOW) has arrested Prem Prakash Singh (50), the alleged kingpin of the Rs250 crore V-Care Multitrade Pvt Ltd scam. Singh, who had …
by Ananya Mehta -
In one of India’s largest financial frauds, the Economic Offences Wing (EOW) of Uttar Pradesh arrested Gurnam Singh (69), director of Pearls Agro-Tech Corporation Limited (PACL), from Ropar district, Punjab. …
by Ananya Mehta