Ponzi scheme

Jaipur Rural Police on Saturday arrested a father-son duo, Lokesh Joshi (48) and Nikhil Joshi (22), for allegedly masterminding a multi-crore Ponzi scheme disguised as a stock market investment company. …

Vinod Kumar, a resident of Sri Ganganagar, Rajasthan, was arrested for defrauding over 150 people through a Ponzi scheme called ‘Dollar Win Exchange’. The scam promised unrealistic monthly returns of …

NEW JERSEY — Real estate influencer and investor Cesar Humberto Pina, known online as “Flipping NJ,” has been indicted by a federal grand jury in connection with an alleged multimillion-dollar …

Federal prosecutors have charged two men with orchestrating one of the largest crypto investment scams in recent history, defrauding victims of more than $650 million. Michael Shannon Sims, 48, and …

Anna Kline, also known as Jordana Weber, a 35-year-old woman from Sparks, Nevada, has been sentenced to 10 years in federal prison for operating a multimillion-dollar advance fee Ponzi scheme …

Police have arrested Siddharth Malviya, a 26-year-old man accused of orchestrating a fraudulent online investment scam involving fake electric vehicle (EV) charging station projects. His company, DART-EV, allegedly lured victims …

The Economic Offences Wing (EOW) of Cyberabad Police has arrested two individuals in connection with a massive Rs850 crore Ponzi scheme involving the Falcon Invoice Discounting Platform. The accused, Pavan …

In a massive investment scam, over 1,200 investors were allegedly duped of nearly Rs300 crore by Advaika Trading Company, a firm based in Vijayawada, Andhra Pradesh. The prime accused, Tadepalli …

WAUSAU, WI — A Wausau man is facing federal charges after allegedly orchestrating a multimillion-dollar investment fraud scheme that ran for nearly six years. Stanley Pophal, 63, was charged in …

LAGOS, Nigeria — Justice Yellim Bogoro of the Federal High Court in Lagos sentenced four Filipino nationals and eight Nigerians to one year in prison on Friday for cyber-terrorism, internet …