In a dramatic turn of events, nine individuals were arrested in connection with the kidnapping of Sheikh Suleiman Ali, a youth involved in defrauding approximately Rs4 crore from 150 investors …
Tag:
investment fraud
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California Democratic activist and multimillionaire Joseph Sanberg was arrested Monday on charges that he conspired to defraud investors of at least $145 million through his “green” finance company, Aspiration Inc. …
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FinancialInvestment Scams
School Principal Arrested in BZ Group Ponzi Scam in Gujarat
by Ananya MehtaThe Gujarat Crime Investigation Department (CID) on Wednesday arrested Vinod Patel, a school principal, for his involvement in the multi-crore BZ Group Ponzi scam. His arrest brings the total number …
by Ananya Mehta -
Fake Financial Services ScamsFinancial
Matthew Mencarelli Sentenced to 97 Months for $1.6 Million Fraud Scheme
BELMONT, Mich. (CBS12) — Matthew Mencarelli, 39, from Belmont, Michigan, has been sentenced to 97 months in federal prison for running a wire fraud scheme that defrauded 15 victims out …
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FinancialInvestment Scams
Bhalchandra Mahadev Ashtekar Arrested in Rs9 Crore Investment Fraud
by Ananya MehtaThe Economic Offences Wing (EOW) has successfully arrested Bhalchandra Mahadev Ashtekar, the director of Sai Indus Marketing and Shri Multi Services, for his involvement in defrauding investors of Rs9.02 crore. …
by Ananya Mehta -
LOS ANGELES, CA — Three individuals, including two Chinese nationals, have been arrested on federal charges related to money laundering through shell companies linked to investment fraud schemes. Federal authorities …
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The Economic Offences Wing (EOW) of the Crime Branch arrested Dhananjaya Sahoo, the Managing Director of Mutual Alliance Global Pvt Ltd, on February 21, 2025, for allegedly swindling approximately 200 …
by Ananya Mehta -
Investment Scams
Odisha Police Arrest Prime Accused in Rs5 Crore Money-Doubling Scam
by Ananya MehtaThe Economic Offenses Wing (EOW) of the Odisha Police has successfully arrested the prime accused in a Rs5 crore money-doubling investment scam that defrauded numerous investors. The accused, Dhanajaya Sahoo, …
by Ananya Mehta -
Charity Scams
Four Arrested in Salem for Running Ponzi Scheme, Cheating Investors of Crores
by Ananya MehtaThe Economic Offences Wing (EOW) police in Salem have arrested four trustees, including the founders of the St. Mother Theresa Humanitarian Charitable Trust, for allegedly deceiving investors and cheating them …
by Ananya Mehta -
James Arthur McDonald Jr., 53, formerly of Arcadia, California, has agreed to plead guilty to securities fraud after defrauding investors of at least $2.7 million, according to the U.S. Attorney’s …