Fraudulent Schemes
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Russia Denies Engaging In Fraud Scheme To Recruit Indians In Military
The Russian Embassy in India on Saturday denied that Russia had engaged in any "public or obscure campaigns" in "fraudulent schemes" to recruit Indian citizens for military service in the country.
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Bank Employee Among 2 Arrested For Rs 48.5 Lakh Cyber Fraud In Noida: Cops
The Uttar Pradesh Police cybercrime unit has arrested two people involved in running a fraudulent scheme that duped a victim of Rs 48.5 lakh under the pretence of share market trading, officials said on Wednesday.
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Crypto Pyramid Scheme Lands 11 in Trouble, SEC Alleges $300 Million Were Raised by Fraud
A total of 11 individuals in the US have been charged with whipping-up a crypto pyramid scheme, defrauding “millions of retailers”, and churning over $300 million (roughly Rs. 2,359 crore). Carolyn Welshhans, Acting Chief of the SEC’s Crypto Assets and Cyber Unit called Forsage a fraudulent pyramid scheme launched on a massive scale and aggre...
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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...
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Couple Arrested For Duping 200 Women Of Rs 5 Crore: Police
A couple has been arrested from Surat in neighbouring Gujarat for allegedly duping over 200 women to the tune of Rs 5 crore in a fraudulent investment scheme that promised high returns, a Mumbai police official said on Tuesday.
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Block.One's Crypto Sale, Biggest Ever, Due To Price Manipulation: Report
The U.S. Securities and Exchange Commission fined Block.one $24 million in 2019 for failing to register the ICO, and token holders sued Block.one last year, calling the sale a "fraudulent scheme"
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BitConnect Founder Satish Kumbhani Charged With $2-Billion Cryptocurrency Fraud by US SEC
The top US securities regulator sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion (roughly Rs. 14,600 crores) from thousands of retail investors.
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Fake Apps Masked as Cryptocurrency, Trading, Banking Apps Duping iOS, Android Customers: Sophos
Sophos found these fake apps while looking into a fraudulent mobile trading app that masqueraded as one tied to a well-known Asia-based trading company, Goldenway Group. Sophos says that schemes to distribute these fake apps are leveraged though dating sites and social media. These apps are made cleverly to look like those belonging to the actual l...
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Man, 41, Arrested For Cheating 80 People Of Rs 8 Crore In Delhi: Cops
A 41-year-old man has been arrested by the Delhi Police for allegedly cheating more than 80 people across India of Rs 8 crore. He was allegedly linked to fraudulent investing schemes, also known as ponzi schemes.
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Delhi Man Arrested For Luring People To Invest In Fraudulent Schemes
The police have arrested a man who allegedly duped people by luring them into his fraudulent schemes after promising them high returns, officials said on Monday.
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Hospitals Indulging In Fraud Will Be Named And Shamed, Says Harsh Vardhan
Union Minister Harsh Vardhan today said that names of hospitals found involved in any kind of fraudulent practices in the Ayushman Bharat health insurance scheme will be put up on its official website to "name and shame" them.
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Three Indian Nationals Fined For Singapore Goods and Services Tax Fraud
Three Indian nationals were fined today while cases against two others are pending for making fraudulent claims under the electronic Tourist Refund Scheme (eTRS) of Singapore's Goods and Services Tax.
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Nigerian Arrested For Cheating People Worth Rs 1.5 Crore In Delhi
The Delhi police has arrested a Nigerian national for allegedly duping dozens of people under a fraudulent scheme, officials said on Thursday.
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Indian Man Detained For Running Fake Marriage Racket In US For Visa
An Indian man in the US has pleaded guilty to the charges of running a fake marriage racket through which he helped illegal immigrants, mostly Indians, to get married to American citizens, and helping them stay in the country.
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US Pain Clinic CEO Pleads Guilty To $150 Million Opioid Scheme
A businessman who operated pain clinics in the US states of Ohio and Michigan pleaded guilty Monday to a $150 million scheme to fraudulently distribute millions of doses of highly-addictive opioid medications.
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Russia Denies Engaging In Fraud Scheme To Recruit Indians In Military
The Russian Embassy in India on Saturday denied that Russia had engaged in any "public or obscure campaigns" in "fraudulent schemes" to recruit Indian citizens for military service in the country.
-
Bank Employee Among 2 Arrested For Rs 48.5 Lakh Cyber Fraud In Noida: Cops
The Uttar Pradesh Police cybercrime unit has arrested two people involved in running a fraudulent scheme that duped a victim of Rs 48.5 lakh under the pretence of share market trading, officials said on Wednesday.
-
Crypto Pyramid Scheme Lands 11 in Trouble, SEC Alleges $300 Million Were Raised by Fraud
A total of 11 individuals in the US have been charged with whipping-up a crypto pyramid scheme, defrauding “millions of retailers”, and churning over $300 million (roughly Rs. 2,359 crore). Carolyn Welshhans, Acting Chief of the SEC’s Crypto Assets and Cyber Unit called Forsage a fraudulent pyramid scheme launched on a massive scale and aggre...
-
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...
-
Couple Arrested For Duping 200 Women Of Rs 5 Crore: Police
A couple has been arrested from Surat in neighbouring Gujarat for allegedly duping over 200 women to the tune of Rs 5 crore in a fraudulent investment scheme that promised high returns, a Mumbai police official said on Tuesday.
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Block.One's Crypto Sale, Biggest Ever, Due To Price Manipulation: Report
The U.S. Securities and Exchange Commission fined Block.one $24 million in 2019 for failing to register the ICO, and token holders sued Block.one last year, calling the sale a "fraudulent scheme"
-
BitConnect Founder Satish Kumbhani Charged With $2-Billion Cryptocurrency Fraud by US SEC
The top US securities regulator sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion (roughly Rs. 14,600 crores) from thousands of retail investors.
-
Fake Apps Masked as Cryptocurrency, Trading, Banking Apps Duping iOS, Android Customers: Sophos
Sophos found these fake apps while looking into a fraudulent mobile trading app that masqueraded as one tied to a well-known Asia-based trading company, Goldenway Group. Sophos says that schemes to distribute these fake apps are leveraged though dating sites and social media. These apps are made cleverly to look like those belonging to the actual l...
-
Man, 41, Arrested For Cheating 80 People Of Rs 8 Crore In Delhi: Cops
A 41-year-old man has been arrested by the Delhi Police for allegedly cheating more than 80 people across India of Rs 8 crore. He was allegedly linked to fraudulent investing schemes, also known as ponzi schemes.
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Delhi Man Arrested For Luring People To Invest In Fraudulent Schemes
The police have arrested a man who allegedly duped people by luring them into his fraudulent schemes after promising them high returns, officials said on Monday.
-
Hospitals Indulging In Fraud Will Be Named And Shamed, Says Harsh Vardhan
Union Minister Harsh Vardhan today said that names of hospitals found involved in any kind of fraudulent practices in the Ayushman Bharat health insurance scheme will be put up on its official website to "name and shame" them.
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Three Indian Nationals Fined For Singapore Goods and Services Tax Fraud
Three Indian nationals were fined today while cases against two others are pending for making fraudulent claims under the electronic Tourist Refund Scheme (eTRS) of Singapore's Goods and Services Tax.
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Nigerian Arrested For Cheating People Worth Rs 1.5 Crore In Delhi
The Delhi police has arrested a Nigerian national for allegedly duping dozens of people under a fraudulent scheme, officials said on Thursday.
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Indian Man Detained For Running Fake Marriage Racket In US For Visa
An Indian man in the US has pleaded guilty to the charges of running a fake marriage racket through which he helped illegal immigrants, mostly Indians, to get married to American citizens, and helping them stay in the country.
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US Pain Clinic CEO Pleads Guilty To $150 Million Opioid Scheme
A businessman who operated pain clinics in the US states of Ohio and Michigan pleaded guilty Monday to a $150 million scheme to fraudulently distribute millions of doses of highly-addictive opioid medications.
