Ponzi

Ponzi crackdown: 164 chit fund companies being investigated for duping customers, says Jaitley

As many as 164 ponzi companies are currently being probed by central agencies for duping customers across the country, government said on Friday.

PACL's Rs 50,000 cr ponzi scheme is worse than Sahara's. Why is Sebi going soft on it?

The Sebi could have asked PACL to handover Rs 49,100 crore to it; it is not enough to ask the company to pay back the amount itself

Raghuram is enabling govt to run biggest Ponzi scheme

Without the RBI's connivance, the government of India can't run a Ponzi scheme by endlessly printing money and debasing the rupee

Bitcoin puzzle might prompt advisory from Indian regulators

While authorities and experts are becoming more worried about the bitcoin's potential money laundering risks, there are also concerns about this new phenomenon snowballing into an 'e-ponzi' or an electronic version of investor fraud.

Sebi introduces new admin regulations, refuses settlement of serious offences

The list of violations that cannot be settled have been expanded widely under the new norms, which also provide for the involved entity to file settlement plea within 60 days of the show-cause notice served by Sebi.

Sebi cautions against illegal schemes that promise manifold returns

This warning comes in the wake of Sebi receiving complaints and communications from investors with regard to huge returns offered by various cooperative societies, including those linked to entities already under Sebi's scanner.

Ponzi schemes and other frauds cost investors nearly Rs 40,000 cr in 2013

Going by studies, corporate frauds happen due to various factors including inadequate internal control procedures, diversion of funds by promoters or top management and failure of auditors in detecting the misdoings. Among them, lack of strong corporate governance is a key issue.

Another Ponzi scheme? Cattles sold with promise of double money for 'ghee'

Gold demat? Why is the RBI suggesting a Ponzi scheme?

RBI Deputy Governor Subir Gokarn's plan to offer gold dematerialisation schemes to lure people away from physical gold holdings is not a great idea.

Sahara capers: Hit the public for Rs 40,000 crore with Rs 11 lakh in your pocket

Can public issues stay open in perpetuity? Can a company with a few lakhs of capital hope to raise Rs 40,000 crore? If you are Subrata Roy of Sahara, apparently, you can, as a Sebi investigation into his recent capers show.