Ponzi Scam

A 48-year-old man and his 22-year-old son were arrested in Phulera, Jaipur district, for running a massive Ponzi scheme disguised as a high-return investment firm. The duo, Lokesh Joshi and …

The Economic Offences Wing (EOW) of the Hyderabad Police on Thursday arrested Vemula Subba Rao and Vemula Kumari, both residents of Kokapet in Gandipet, for allegedly running a massive dairy …

In a major crackdown, four Indian Army deserters were arrested at Kolkata Airport while returning from Dubai, after being tracked for months by military intelligence. The arrests were made based …

BETHLEHEM, Free State — A 41-year-old man, Caleb Ntuli, was sentenced to seven years in prison for his role in running a Ponzi scheme through his investment business, Tshwaranang Stokvel, …

After nearly eight years on the run, Nisha Agrawal, a prime accused in the Rs50 crore Arbuda Credit Cooperative Society scam, was arrested by Kapadwanj police from the Naranpura area …

Los Angeles, CA – The former head of accounting at the now-defunct Girardi Keese law firm, Christopher Kazuo Kamon, 51, was sentenced on April 11 to more than 10 years …

Ontario, Canada – Doug Grozelle, a former punk rock frontman turned Ponzi scheme mastermind, was arrested Thursday in connection with a complex $24.6 million investment fraud. Grozelle, 49, is accused …

In a major breakthrough, Sribhumi Police brought Md Shakir and his brother Md Jabir, the masterminds behind an online trading scam worth at least Rs100 crore, to Badarpur after their …

A man from Andhra Pradesh, Pullaiah, was arrested on March 24 in Bengaluru for his involvement in a chit fund scam in Hyderabad’s SR Nagar and Madhura Nagar. The accused, …

Harsatinder Pal Singh Hayer, the son-in-law of the late Nirmal Singh Bhangoo, founder of the Pearls Group, has been arrested under the Prevention of Money Laundering Act (PMLA) for his …