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Ponzi Schemes

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Teak, emu, goat and land: Why Indian middle class falls victim to financial frauds

Jan 11, 2016

Teak, emu, goat and land: Why Indian middle class falls victim to financial frauds

Too lower returns on public savings schemes and bank deposits as compared with Ponzi schemes nourishes the human greed #SEBI #Real estate #Ponzi Schemes #Collective Investment Schemes #PACL #Nirmal Singh Bhangoo
PACL head Nirmal Bhangoo arrested in alleged Rs 45,000 cr investment scam

Jan 09, 2016

PACL head Nirmal Bhangoo arrested in alleged Rs 45,000 cr investment scam

The case involves alleged collection of about Rs 45,000 crore from roughly 55 million investors across the country #SEBI #CBI #Ponzi scheme #Nirmal Singh Bhangoo #PACL scam
Saradha scam: Court orders Madan Mitra to stay in judicial custody

Dec 17, 2015

Saradha scam: Court orders Madan Mitra to stay in judicial custody

The judicial custody of Trinamool Congress leader and former West Bengal minister Madan Mitra, was extended by a city court by another 14 days #NewsTracker #Trinamool Congress #Ponzi scheme #Calcutta High Court #Madan Mitra #Saradha scam
RBI blames regulatory vacuum for rising fraudulent ponzi schemes

Jun 08, 2015

RBI blames regulatory vacuum for rising fraudulent ponzi schemes

Ponzi schemes are fraudulent investment schemes, wherein people are promised high returns without having to assume commensurate level of risks. #RBI #NewsTracker #Ponzi Schemes #SS Mundra #Anil Sinha
Saradha scam: To pay back investors, ED seeks court's nod to auction assets

May 20, 2015

Saradha scam: To pay back investors, ED seeks court's nod to auction assets

The Enforcement Directorate (ED) is soon expected to approach a special court in Kolkata seeking permission to auction Saradha Group's seized assets, valued at about Rs 1,000 crore, in an attempt to pay back duped investors. #NewsTracker #CBI #Ponzi scheme #Saradha Group #Sudipta Sen #Saradha scam #Kolkata. West Bengal
This one number suggests that the real estate bubble may be fizzling out

May 05, 2015

This one number suggests that the real estate bubble may be fizzling out

The Reserve Bank of India(RBI) puts out the sectoral deployment of credit data at the end of every month. The latest data for the one year period ending March 20, 2015, shows that lending to the commercial real estate sector by banks grew by 8.9% to Rs 1,68,000 crore. The overall lending by banks on the other hand grew by a very similar 8.6%. #Black money #Ponzi scheme #Growth #Real estate bubble #Real estate #RESIDEX #sector
What if the builder disappears? - The biggest risk of investing in real estate

Apr 28, 2015

What if the builder disappears? - The biggest risk of investing in real estate

In India, home loans are recourse loans. This means that the banks can come after other assets of the borrower. Hence, walking away from the home loan is a bad idea, even in a situation like this. Further, any default would be reflected on the CIBIL database, leading to the home loan borrowers being deemed unworthy of credit in the years to come. #builder #Real estate #Ponzi Schemes #Real Estate Bill
Why real estate Ponzi scheme will continue despite new Real Estate Bill

Apr 21, 2015

Why real estate Ponzi scheme will continue despite new Real Estate Bill

The Bill requires real estate companies to compulsorily deposit half of the money raised from buyers for a particular project into a monitorable account. #Ponzi scheme #PolicyWatch #Real Estate Bill #RERA