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ponzi scheme
PONZI SCHEME NEWS
‘IIT graduate, St Kitts resident’: The many lives of man held in Rs 65-cr Ponzi scheme
August 23, 2025 7:00 am
The investigation has revealed that 30 people from Pune, Mumbai, Bengaluru, Kerala and Chennai had invested in his fake firm in less than a year.
Torres ponzi scheme: Over 10,000 investors duped, fraud amount at Rs 117 crore, say police
February 04, 2025 7:31 am
EOW officer says figure jumped to Rs 120 crore, over 11,300 investors approached them
Torres Ponzi scheme: CEO Tausif Reyaz, who claimed to be whistleblower, arrested from near Pune
January 27, 2025 10:18 pm
The Ukrainian masterminds of the Torres fraud are suspected to have sent Rs 200 crore abroad, as claimed in emails sent by alleged whistleblowers to the police and other law enforcement agencies.
Explained: The Torres investment scam in Mumbai, how it operated
January 12, 2025 4:31 pm
Mumbai Torres Jewellery Scam: Torres, a jewellery store, is accused of defrauding investors through a mix of Ponzi and multi-level marketing schemes. The case FIR estimates that up to Rs 1,000 crore may have been lost.
Mumbai: 5 top executives of Dadar firm booked for running Ponzi scheme; investors lost Rs 13 cr
January 07, 2025 5:00 pm
Police suspect that that accused had duped many investors in Mumbai, Navi Mumbai and Mira Bhayander areas.
Gujarat: On the run for a month, Ponzi scheme operator held in Mehsana
December 28, 2024 1:37 am
Zala, whose scheme had attracted investments of over Rs 360 crore in four years, was on the run for around a month after cases were registered against him.
CA Amber Dalal duped over 2,000 investors of Rs 1,100 crore
June 22, 2024 9:11 am
Police have recorded accounts of hundreds of witnesses, including of the staff who worked in Dalal's firm Ritz Consultancy Services’s office.
Hid in 3 states, travelled by bus, switched 6 hotels: how Ponzi scheme runner Amber Dalal dodged Mumbai cops
March 29, 2024 8:39 pm
After Amber Dalal fled Mumbai, he was caught from a small budget hotel in Rishikesh in Uttarakhand.
Beauty products, easy money and a ponzi scheme that duped thousands in J&K
December 21, 2023 11:31 am
When the investor numbers crossed thousands, the company pulled the plug and payments stopped suddenly.
Thousands lose over Rs 200 crore in series of crypto rug-pulls in Himachal Pradesh; police yet to catch kingpin
October 02, 2023 5:37 pm
The matter was raised in the Vidhan Sabha by Independent MLA Hoshyar Singh who pegged the amount of money swindled from people in Kangra and Hamirpur alone to be upwards of Rs 200 crore.
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