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 …
Tag:
investment fraud
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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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FinancialInvestment Scams
Sambalpur Police Arrest Santosh Acharya in Major Investment Fraud”
by Ananya MehtaIn a major crackdown on financial fraud, Sambalpur police arrested Santosh Acharya, the key suspect behind a large-scale investment scam. The accused allegedly defrauded more than 500 investors across Sambalpur …
by Ananya Mehta -
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 …
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Fake Financial Services ScamsFinancial
Hilton Head Attorney Sentenced to Nine Months for Aiding $3 Million Fraud Scheme
HILTON HEAD, SC — Peter J. Strauss, a 46-year-old attorney from Hilton Head, was sentenced to nine months in federal prison for his involvement in transferring $3 million to prevent …
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CryptoCryptocurrency Scams
Hyderabad Man Arrested for Cryptocurrency Fraud Impersonating Morgan Stanley
by Ananya MehtaA 22-year-old man, Pathi Manikanta, was arrested on February 20 in Hyderabad for a cryptocurrency fraud involving impersonation of Morgan Stanley, an investment banking company. Manikanta, from YSR Kadapa district …
by Ananya Mehta