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PONZI SCAM NEWS

Punjab organic farming “ponzi scam”: Over 23,000 investors, Rs 170 crore invested; 8 held, says Khanna SSP

October 17, 2025 10:34 am

Farmers and other people from across Punjab were allegedly lured to invest in the firm which claimed to promote organic farming and promised double returns, said SSP Yadav.

Mumbai: Court approves sale of jewellery seized in Torres Ponzi scam

June 09, 2025 11:34 pm

In March, the EOW had filed a chargesheet into the Rs 142 crore 'scam', where over 14,000 investors were allegedly duped by Platinum Hern Pvt Ltd

Torres Ponzi scheme case: Hawala operator Alpesh Khara used investors' money to book 3 flats in South Mumbai

March 25, 2025 10:14 am

Operators of the Torres Ponzi scheme allegedly used to take cash from investors to Khara who would send money abroad via USDT Cryptocurrency.

Torres fraud: Ukrainian masterminds escaped India via Poland, Dubai and Bangkok

March 17, 2025 10:36 pm

There is already an Interpol's Blue Corner Notice issued against them, and now that a chargesheet is filed, the police will try and get non-bailable warrants issued against them

Mumbai: Court rejects bail pleas of 3 accused in Torres fraud case

March 03, 2025 11:36 pm

On January 6, 2025, Mumbai police registered an FIR, alleging that investors were promised high return investments and were later duped

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Bengaluru investors lose Rs 41 crore in Hyderabad-based Ponzi scheme; 4 FIRs registered

February 25, 2025 6:52 pm

The Bengaluru police say the victims were lured into making short-term investments in an 'invoice discount scheme' that promised 11-22% returns.

Actor held in Torres fraud files pre-arrest bail plea in birth certificate case

February 19, 2025 9:21 am

According to police, they had found that the certificate was not authentic after verifying with the the Brihanmumbai Municipal Corporation

Torres ponzi scheme: Nearly 13,000 victims may receive Rs 40 crore as Mumbai police begins auction on firm’s seized properties

February 18, 2025 3:33 pm

Once the seized properties are auctioned, money will be deposited in EOW's account and then the competent authority will put up a proposal before the court regarding formula for disbursement of money to the investors

Mumbai police registers 2nd FIR against Ukrainian actor accused Torres fraud case

February 16, 2025 12:17 am

The fresh case against the foreigner pertains to making a bogus birth certificate and using the same to obtain his Indian Passport, an EOW officer said

Torres scam: A month later, six held; 8 Ukrainians, one Turkish still at large

February 10, 2025 1:44 am

Over a month since the Torres ponzi scam was unearthed, there have been arrests, Blue Corner Notices, and seizures. Vijay Kumar Yadav & Sadaf Modak track the developments in the case