A federal grand jury has returned a 12-count indictment charging 12 individuals with conspiracy, wire fraud, bank fraud, and money laundering related to a nationwide business email compromise (BEC) scheme …
Tag:
financial fraud
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Online and TechPhishing Scams
18 Foreign Nationals, Including Phan Viet Ngân, Arrested in Online Scam Bust
In a series of coordinated operations, the National Bureau of Investigation (NBI) arrested 18 foreign nationals—eight Chinese and 10 Vietnamese—in Parañaque City for their involvement in various online financial scams. …
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Government scam
Arunachal Pradesh Police Arrest Two Chartered Accountants in Rs100 Crore GST Fraud
by Ananya MehtaIn a major crackdown on GST fraud, Arunachal Pradesh Police, in collaboration with Darbhanga Police, have arrested two chartered accountants in connection with a Rs100 crore GST scam. The accused, …
by Ananya Mehta -
Investment Scams
Prakash Parmar, Priyank Thakkar, and Keval Gadhvi Arrested in Investment Scam
by Ananya MehtaThree individuals linked to a major investment scam were arrested after a victim filed a complaint with Ahmedabad City Police’s Detection of Cybercrime Branch (DCB). The scam targeted Utpal Patel, …
by Ananya Mehta -
In a major breakthrough, the Special Task Force (STF) in Lucknow arrested four members of a gang involved in defrauding banks and housing loan companies of approximately Rs 5 crore. …
by Ananya Mehta -
Fake Financial Services ScamsFinancial
Gujarat University Professor Arrested in Rs 4.09 Crore Embezzlement
by Ananya MehtaAn associate professor at Gujarat University, Kamaljeet Lakhtaria, was arrested by the city crime branch on Saturday for allegedly embezzling Rs 4.09 crore from the university’s animation department. Lakhtaria was …
by Ananya Mehta -
Smishing Scams
Marco Raquan Honesty Pleads Guilty to Multi-Scheme Fraud Involving COVID-19 Relief Funds
Marco Raquan Honesty, 28, of Virginia, pleaded guilty today to multiple fraud schemes involving COVID-19 relief funds, phishing scams, forged documents, and the sale of stolen financial information, resulting in …
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A CBI court on Thursday convicted five individuals, including Bechar Zala, the former branch manager of the State Bank of Saurashtra’s Naroda Road branch, sentencing them to five years of …
by Ananya Mehta -
FinancialInvestment Scams
Dr. Kamaljit Lakhtariya Arrested for Rs24 Lakh Financial Mismanagement”
by Ananya MehtaDr. Kamaljit Lakhtariya, a former coordinator of Gujarat University’s Animation Department, has been arrested for financial misconduct after an investigation revealed unauthorized payments totaling over Rs24 lakh. These payments were …
by Ananya Mehta -
FinancialInvestment Scams
Chicago Man Sentenced to Over 17 Years for Scamming Seniors in Reverse Mortgage Scheme
CHICAGO (CBS) — Mark Diamond, a man who pleaded guilty to scamming elderly homeowners on the South and West sides of Chicago in a reverse mortgage scheme, was sentenced to …