Fraudulent Claims
- All
- News
-
Rs 2,200 Crore Online Trading Scam Busted In Assam, Chief Minister Issues Warning
The Assam Police on Wednesday unearthed a massive financial scam of Rs 22,000 crore involving brokers who made fraudulent online stock market investments by claiming to double people's money, sources said.
-
Mutual Fund Investor's Complaint, Resolution Post On 'Groww' App Viral
The user further claimed that Groww's customer service was unhelpful and that unauthorised attempts were made to access OTPs from mutual fund portals.
-
"Fake And Fraudulent": BCCI Denies Charging Money From Youngsters For NCA Admission
The BCCI falsified claims that it is giving NCA admission to youngsters by charging a fee.
-
Bumble Adds New AI Tool Deception Detector to Identify Spam, Scam, and Fake Profiles
Bumble released a new AI-powered tool called Deception Detector that can identify and block spam, scams, and fake profiles before members come across them. The feature was launched to mark Safer Internet Day. The dating app claims that 95 percent of accounts that showed up in its testing as fraudulent were already automatically blocked by Deception...
-
FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
-
TRAI Warns Against 'Illegal' Fraudulent Calls Threatening Number Disconnection
TRAI on Wednesday warned people against fraudulent calls falsely claiming to be from the telecom regulator and threatening to disconnect numbers. The regulatory body termed such calls as "illegal". The Telecom Regulatory Authority of India has clarified that it neither blocks nor disconnects the mobile number of individual telecom customers.
-
"Marriage Can't Be Avoided By...": Delhi High Court Denies Annulment
A marriage cannot be "avoided" by claiming one spouse induced the other into wedlock with fraudulent statements about family or fortune, the Delhi High Court said, refusing to annul a love marriage.
-
Indian Man Pleads Guilty To Duping US Telephone Providers, Insurance Firms
An Indian national pleaded guilty to the charges of defrauding various telephone providers and insurance companies of millions of dollars by using stolen or fake identities to submit fraudulent claims for replacement cellular devices.
-
Dubai-Based UK Trader To Be Extradited To Denmark Over $1.8 Billion Fraud
Sanjay Shah, who was arrested in the Emirati financial hub last June, is wanted over an alleged 1.7 billion euro scam to help companies fraudulently claim Danish tax refunds.
-
Hodlnaut Crypto Lender Under Scanner in Singapore, Being Probed for Fraud
The Commercial Affairs Department (CAD) from Singapore is now probing if Hodlnaut has been indulging in cheating and fraudulent activities. As per the law enforcement authorities, between August and November, several reports had claimed that Hodlnaut and its directors had made ‘false representations’ about the lender’s exposure to a particula...
-
Man Arrested For Claiming Refund Of Over Rs 27 Crore From Fake Input Tax Credit
A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.
-
US Announces 'Severe' Sanctions On Russia Over Annexations
The United States on Friday announced "severe" new sanctions on Russia in response to what President Joe Biden called Moscow's "fraudulent" claim to have annexed four Ukrainian regions.
-
US SEC Charges 11 People for Promoting Fraud Crypto Pyramid, Ponzi Scheme
The US Securities and Exchange Commission (SEC) has charged 11 people for creating, and promoting a fraudulent crypto pyramid and Ponzi scheme. The scheme, Forsage, raised over $300 million (nearly Rs. 2,300 crores) from retail investors worldwide, including in the United States. Two of the defendants agreed to settle the charges and one of them ag...
-
Yuga Labs Accused of Manipulating Buyers With Inflated Prices, Celeb Endorsements in Proposed Lawsuit
Law firm Scott+Scott has proposed a class-action lawsuit against BAYC NFT creator Yuga Labs alleging the firm of ‘fraudulently duping’ investors. The law firm has pointed out how the prices of BAYC NFTs and Yuga Labs’ native ApeCoin dropped in recent months, bringing losses to investors. The law firm has now opened channels for individual BAY...
-
Apple's App Store Blocked Fraud Transactions Worth $1.5 Billion, Stopped Over 1.6 Million Risky Apps in 2021
Apple on Wednesday announced that App Store helped to stop more than $1.5 billion (roughly Rs. 11,021 crores) in potentially fraudulent transactions in 2021. The company claimed to have prevented over 1.6 million risky and vulnerable apps and app updates from defrauding users last year.
-
Rs 2,200 Crore Online Trading Scam Busted In Assam, Chief Minister Issues Warning
The Assam Police on Wednesday unearthed a massive financial scam of Rs 22,000 crore involving brokers who made fraudulent online stock market investments by claiming to double people's money, sources said.
-
Mutual Fund Investor's Complaint, Resolution Post On 'Groww' App Viral
The user further claimed that Groww's customer service was unhelpful and that unauthorised attempts were made to access OTPs from mutual fund portals.
-
"Fake And Fraudulent": BCCI Denies Charging Money From Youngsters For NCA Admission
The BCCI falsified claims that it is giving NCA admission to youngsters by charging a fee.
-
Bumble Adds New AI Tool Deception Detector to Identify Spam, Scam, and Fake Profiles
Bumble released a new AI-powered tool called Deception Detector that can identify and block spam, scams, and fake profiles before members come across them. The feature was launched to mark Safer Internet Day. The dating app claims that 95 percent of accounts that showed up in its testing as fraudulent were already automatically blocked by Deception...
-
FM Sitharaman Says Google Took Down Over 2,500 Loan Lending Apps From Play Store: Report
Google took down over 2,500 fraudulent loan apps from its Play Store between April 2021 and July 2022, Finance Minister Nirmala Sitharaman reportedly claimed in a written reply to a query in the Lok Sabha Monday. The minister also said that the Reserve Bank of India (RBI) had shared ‘whitelist’ of betting apps with the government to separate ap...
-
TRAI Warns Against 'Illegal' Fraudulent Calls Threatening Number Disconnection
TRAI on Wednesday warned people against fraudulent calls falsely claiming to be from the telecom regulator and threatening to disconnect numbers. The regulatory body termed such calls as "illegal". The Telecom Regulatory Authority of India has clarified that it neither blocks nor disconnects the mobile number of individual telecom customers.
-
"Marriage Can't Be Avoided By...": Delhi High Court Denies Annulment
A marriage cannot be "avoided" by claiming one spouse induced the other into wedlock with fraudulent statements about family or fortune, the Delhi High Court said, refusing to annul a love marriage.
-
Indian Man Pleads Guilty To Duping US Telephone Providers, Insurance Firms
An Indian national pleaded guilty to the charges of defrauding various telephone providers and insurance companies of millions of dollars by using stolen or fake identities to submit fraudulent claims for replacement cellular devices.
-
Dubai-Based UK Trader To Be Extradited To Denmark Over $1.8 Billion Fraud
Sanjay Shah, who was arrested in the Emirati financial hub last June, is wanted over an alleged 1.7 billion euro scam to help companies fraudulently claim Danish tax refunds.
-
Hodlnaut Crypto Lender Under Scanner in Singapore, Being Probed for Fraud
The Commercial Affairs Department (CAD) from Singapore is now probing if Hodlnaut has been indulging in cheating and fraudulent activities. As per the law enforcement authorities, between August and November, several reports had claimed that Hodlnaut and its directors had made ‘false representations’ about the lender’s exposure to a particula...
-
Man Arrested For Claiming Refund Of Over Rs 27 Crore From Fake Input Tax Credit
A 26-year-old man has been arrested by the Maharashtra Goods and Services Tax (GST) department for fraudulently claiming a refund of more than Rs 27 crore through a fake input tax credit involving at least two "non-genuine" firms, an official said.
-
US Announces 'Severe' Sanctions On Russia Over Annexations
The United States on Friday announced "severe" new sanctions on Russia in response to what President Joe Biden called Moscow's "fraudulent" claim to have annexed four Ukrainian regions.
-
US SEC Charges 11 People for Promoting Fraud Crypto Pyramid, Ponzi Scheme
The US Securities and Exchange Commission (SEC) has charged 11 people for creating, and promoting a fraudulent crypto pyramid and Ponzi scheme. The scheme, Forsage, raised over $300 million (nearly Rs. 2,300 crores) from retail investors worldwide, including in the United States. Two of the defendants agreed to settle the charges and one of them ag...
-
Yuga Labs Accused of Manipulating Buyers With Inflated Prices, Celeb Endorsements in Proposed Lawsuit
Law firm Scott+Scott has proposed a class-action lawsuit against BAYC NFT creator Yuga Labs alleging the firm of ‘fraudulently duping’ investors. The law firm has pointed out how the prices of BAYC NFTs and Yuga Labs’ native ApeCoin dropped in recent months, bringing losses to investors. The law firm has now opened channels for individual BAY...
-
Apple's App Store Blocked Fraud Transactions Worth $1.5 Billion, Stopped Over 1.6 Million Risky Apps in 2021
Apple on Wednesday announced that App Store helped to stop more than $1.5 billion (roughly Rs. 11,021 crores) in potentially fraudulent transactions in 2021. The company claimed to have prevented over 1.6 million risky and vulnerable apps and app updates from defrauding users last year.
