The 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 …
Tag:
investment fraud
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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 -
Money-Laundering Scams
Thai-Chinese Scam Gang Arrested for Fraud and Money Laundering in Multi-Billion-Baht Operation
In a coordinated operation spanning several provinces, Thai police have arrested 10 individuals involved in a large-scale Thai-Chinese investment scam. The suspects, six Thai nationals and four Chinese nationals, were …
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Delhi Police have arrested Rajendra Makwana, a 40-year-old man, for his involvement in a social media scam that lured victims with promises of high returns on investments. Makwana was apprehended …
by Ananya Mehta -
Online and TechPhishing Scams
Raj Kumar Arrested for Rs3.30 Lakh Online Investment Scam
by Ananya MehtaRaj Kumar, a 31-year-old man from Sirsa, Haryana, was arrested on charges of duping a person of Rs3.30 lakh through a fraudulent online part-time job and investment scheme. The incident …
by Ananya Mehta -
A Nigerian national, Nwachimere Collins Ofoegbu, 55, was arrested in Sandton, South Africa, on February 10, 2025, after being implicated in an extensive global fraud scheme. Ofoegbu faces charges including …
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Online and TechPhishing Scams
Bhubaneswar Brothers Arrested in Rs 3 Crore Samsung Scam
by Ananya MehtaTwo brothers, both employed as Information Technology (IT) engineers, have been accused of orchestrating a major scam in Bhubaneswar by impersonating ‘Samsung India’. Chandan Kumar Bhuyan, one of the accused, …
by Ananya Mehta -
A Turkish court has sentenced Mehmet Aydin, the mastermind behind the fraudulent mobile game Çiftlik Bank, to over 45,000 years in prison. The game, marketed as a virtual farming investment …