Ponzi scam

Ponzi scam News

Ponzi scam: Kolkata HC asks CBI officer to not appear before court, sets aside order

A case filed was filed at Ballygunge police station after a few hundred investors of Rose Valley ponzi scheme stormed a south Kolkata hotel, which was run by the chit fund company, demanding their money be returned.

Gujarat: CID takes over investigation into Rs 260 crore ponzi scam

The CID was asked to take over the case from the local Vastrapur police on Wednesday and set up a Special Investigation Team to probe it. On Thursday morning, a team of CID officials reached Vastrapur police station and took over the case papers.


US: Indian-origin man charged with $250,000 fraud

The US Securities and Exchange Commission is seeking the return of allegedly ill-gotten gains with interest and civil money penalties.

Rs 600 crore Ponzi scam: ED raids houses of its former deputy director, advocate, another man in Mohali

The ponzi scam had once been probed by Gurnam Singh during his deputation in Chandigarh between 2012 and 2017.

Money laundering case: Enforcement Directorate attaches Rs 472 crore assets

The ED had registered a criminal case against the firm in 2015 based on a CBI FIR against the group, its directors and officials.

Pearls Group Ponzi scam: 30 lakh investors identified, SC ruling gives fresh hope

The Pearls Investors Association, collecting data about the investors across 17 states in the country, has identified 30 lakh investors in Punjab.


Saradha was running ponzi schemes; to face prosecution: SFIO

SFIO today said these companies have been found to be running 'ponzi schemes'.

Arun Jaitley bridges regulatory gap to prevent Saradha repeat

The Finance Ministry has decided to bring in stronger regulatory authorities for ‘early detection’ of ponzi schemes.

£80 mn scam: Indian among 3 held in UK

An NRI businessman and two of his British accomplices have been arrested on charges of duping over 600 people,including celebrities like former cricketer Darren Gough and singer Jerome Flynn.