The Economic Offences Wing (EOW) of Odisha Police has arrested two more individuals—Dwipika Bhanjo and Tandra Bhanjo—from Kolkata in connection with a multi-crore Ponzi scam. According to an official statement …
Tag:
Ponzi scam
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The Economic Offence Wing (EOW) of Odisha Police arrested Jitendra Mallick (27) of Kabisuryanagar, Ganjam district, on June 4 from Bengaluru for his role in a large Ponzi scheme linked …
by Ananya Mehta -
The Odhav police have cracked a massive Ponzi scam led by glamorous conwoman Sweety Shah, who, along with her brother Prateek Shah and accomplice, allegedly defrauded over 5,000 investors across …
by Ananya Mehta -
Thane police have arrested Parag Ashokkumar Shah (47) from Narayangaon, Pune, in connection with a Ponzi scheme that defrauded over 100 investors of Rs 91.63 crore, officials said Thursday. This …
by Ananya Mehta -
MIDC police arrested Vinay Kamble (45), a Kharghar resident, for allegedly operating a Ponzi scam where investors were promised returns of 15% on their investments. Kamble collected approximately Rs 50 …
by Ananya Mehta -
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 -
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 …
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A man who fraudulently sold fake cruise miles has been convicted of stealing £400,000 in a Ponzi-style scam that targeted 184 victims worldwide. Richard Lester, 56, from Luton, England, used …