Ponzi Scam

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 …

Vinod 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 …

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 …

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 …

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 …

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. …

Anna Kline, also known as Jordana Weber, a 35-year-old woman from Sparks, Nevada, has been sentenced to 10 years in federal prison for operating a multimillion-dollar advance fee Ponzi scheme …

The Economic Offences Wing (EOW) of Hyderabad has arrested a married couple—Mahesh Panem and Ujwala Panem—for allegedly orchestrating a Rs2.11 crore investment fraud, luring victims with false promises of high …

Police have arrested Siddharth Malviya, a 26-year-old man accused of orchestrating a fraudulent online investment scam involving fake electric vehicle (EV) charging station projects. His company, DART-EV, allegedly lured victims …

The Economic Offences Wing (EOW) of Cyberabad Police has arrested two individuals in connection with a massive Rs850 crore Ponzi scheme involving the Falcon Invoice Discounting Platform. The accused, Pavan …