Latest News on Ponzi Schemes
Showing of 0 - 10 from 114 results
Ponzi Schemes - Total results - 114
Dec 30, 2017
Thai court sentences man to 13,275 years in prison for duping around 2,600 people for $160 millionA Thai court has sentenced a fraudster to a total of 13,275 years in prison, a media report said.
Dec 29, 2017
Virtual currencies are like Ponzi schemes: Finance ministry warns investorsThe government on Friday cautioned investors to be wary of virtual currencies like Bitcoin, saying they are like Ponzi schemes with no legal tender and protection
Dec 18, 2017
Bitcoin rally: Sebi to crack down on illicit coin offers, ponzi schemes but not to take on regulator mantleSebi is not keen to take on the mantle of a regulator for such 'trading' -- currently being offered on a number of so-called exchanges despite there being no rules in this regard -- as the underlying product
Oct 18, 2017
Sebi starts awareness campaign to enable investors take informed decisionsThe campaign alerts people about troubles of blindly following unsolicited tips from unverifiable, unknown or dubious entities.
Aug 26, 2017
Gurmeet Ram Rahim convicted of rape: How Babas run Ponzi schemes with selfish politicians, foolish bhaktsIn India, Baba-dom is like a ponzi scheme that thrives on the simple formula of everybody trying to benefit at the cost of others down the multi-level chain.
Aug 04, 2017
Rose Valley chit fund scam: Investors vandalise Kolkata-based group's property over slow probeInvestors in the scam-tainted Rose valley Group's ponzi schemes vandalised a premier property of the company protesting against non-refund of their deposits
May 19, 2017
Indian-American former CEO duped $33 million from over 100 investors in the US; jailed for 15 yearsA 44-year-old Indian-American has been sentenced to 15 years in prison for duping over a 100 investors of $33 million through fraudulent schemes.
Mar 28, 2017
Michael Ferreira gets bail in Rs 1,000-cr QNet scam: Here's how the Padma awardee got into troubleDespite the allegations, QNets Global CEO Trevor Kuna last week said the company has big plans for India
Nov 18, 2016
CBI probing Ponzi schemes of Rs 85,000 crore, says agency directorThe Central Bureau of Investigation (CBI) is probing cases of Ponzi schemes in which over Rs 85,000 crore of over six crore investors are involved and it is assisting the Centre in framing a legislation to put a ban on such deposit-taking activities, agency Chief Anil Sinha said in New Delhi on Friday
Aug 22, 2016
Release of Brett Lee's film UNIndian brings back ghost of Pearls Group Ponzi schemeBrett Lee was the brand ambassador for the Pearls Group in 2010, which is believed to have scammed 5.5 crore investors of their savings