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Ponzi Schemes

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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
Ponzi scam: ED charge sheets Rose Valley chairman Gautam Kundu, 5 others

Apr 03, 2015

Ponzi scam: ED charge sheets Rose Valley chairman Gautam Kundu, 5 others

The Sebi in June 2014 had ordered Rose Valley to refund the money to the investors #SEBI #Ponzi scheme #Rose Valley #Gautam Kundu
Saradha group chief Sudipta Sen sent to judicial custody for 14 days

Mar 24, 2015

Saradha group chief Sudipta Sen sent to judicial custody for 14 days

Saradha Group chief Sudipta Sen, the prime accused in the multi-crore rupees ponzi scheme scam, was sent to 14 days judicial custody. #India #NewsTracker #Darjeeling #Sudipta Sen #Chit fund scam #Saradha scam #ponzi scheme scam
Sebi steps up media campaign in 13 languages to safeguard investors

Mar 08, 2015

Sebi steps up media campaign in 13 languages to safeguard investors

Sebi has also been cautioning investors through its investor education meetings across the country. #Investing #NewsTracker #SEBI #Ponzi Schemes #Collective Investment Schemes #Grievance Redress Mechanism
Assam looks to tighten law against ponzi scheme

Dec 15, 2014

Assam looks to tighten law against ponzi scheme

The bill, which was introduced by the Parliamentary Affairs Minister Nilamani Sen Deka in the Assembly today, proposed that no court shall grant anticipatory bail to anyone committing an offence under this Act. #Assam #Ponzi scheme #PolicyWatch #States #Nilamani Sen Deka
Indian man sentenced to prison for running ponzi scheme in the US

Dec 12, 2014

Indian man sentenced to prison for running ponzi scheme in the US

A 37year-old Indian man here has been sentenced to over five years in prison for running a USD 3.8 million ponzi scheme. #US #NewsTracker #Ponzi scheme #Ponzi #indian #federal court #sentenced