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PONZI SCHEMES NEWS
Torres Ponzi scheme: ED freezes bank accounts worth Rs 21 crore
January 24, 2025 11:11 pm
During the course of its probe, the ED scrutinised multiple bank accounts of Platinum Hern Pvt Ltd and its associates, that revealed suspicious transactions and links to other entities.
He lost Rs 90 lakh after joining a WhatsApp group: Investment scams are raging, here's how to stay safe
May 02, 2025 6:24 pm
The Safe Side, our ongoing series aimed to help you stay safe online, in its tenth edition, explores ‘get-rich-quick’ investment scheme frauds. This guide will help you identify red flags and avoid falling prey to scams.
Torres fraud: Ukrainian masterminds fled India under garb of Christmas leave
January 12, 2025 10:18 pm
Mumbai police EOW are also checking if the same Ukrainian women were named in a similar mass fraud in Turkey a few years ago.
Restitution of funds: Over 7,000 duped Rose Valley investors get Rs 10,200 each
October 05, 2024 11:59 am
“A total of 28.10 lakh claims have been registered, out of which 31,352 claims have been processed and 7,346 depositors have now received the money,” the spokesperson said.
Govt working to clamp down on dubious ponzi schemes, says Nirmala Sitharaman
April 24, 2023 10:15 am
The Securities and Exchange Board of India (Sebi) is reported to be working on guidelines to regulate financial influencers that provide advice on social media platforms.
Explained: How Banning of Unregulated Deposit Schemes Bill save common investors
July 30, 2019 4:59 pm
In essence, all deposit schemes, with or without interest, except those regulated by the government, have been banned by the bill.
Mumbai ponzi schemes: Two held for filing bogus claims; accused wanted to try their luck, say cops
August 29, 2018 1:18 am
Vikas Mhetre (49) and Vilas Dalvi (53), who were arrested from Sangli on Saturday, have been accused of colluding with the employees of the official liquidator to file backdated affidavits to claim refunds.
Kolkata: To crack down on ponzi schemes, co-operative societies to be made bank branches
June 30, 2018 5:12 am
As per the latest data of the state finance department, of the total of 3,354 gram panchayats in the state, 716 (21%) are not covered under the banking system.
In fact: From Anubhav to Saradha, lessons from ponzi schemes
January 20, 2023 12:50 pm
A series of ponzi schemes, many of which were linked to plantation schemes, including teak plantations, promised investors very attractive returns.
Cabinet clears bill to empower Sebi to deal with ponzi schemes
July 24, 2014 3:11 pm
The Bill seeks to give Sebi sweeping powers like attachment of properties, amongst other things.
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