Investment Fraud
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Ex-Ship Captain Loses Rs 11 Crore In Cyber Fraud; 1 Arrested
A 75-year-old retired ship captain here has lost a staggering Rs 11.16 crore over four months in a cyber fraud scheme falsely promising lucrative returns on stock market investments, police said.
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Chargesheet Filed Against Foreign Service Officer In Money Laundering Case
The Enforcement Directorate on Wednesday said it has filed a chargesheet against Indian Foreign Service officer Neeharika Singh, her husband, and his companies as part of an alleged investment fraud linked money laundering case.
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Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
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Delhi Police Uncovers Renewable Energy Fraud; Binance Aids in Tracing Illicit Funds
In a new development, Binance revealed that it collaborated with Delhi Police to investigate a renewable energy fraud. As a result, 100,000 USDT, equivalent to Rs. 84 lakh, has been seized.
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Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report
In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.
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Foreign Service Officer, Husband Charged With Duping Lucknow Doctor Of Rs 64 lakh
A police case has been filed against an Indian Foreign Service (IFS) officer and her husband for allegedly duping a doctor of over Rs 64 lakh on the pretext of investment, police said on Friday.
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Crypto Fraud Increased 45 Percent in 2023 to $5.6 Billion, FBI Says
The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year. Call center frauds, such as government impersonation scams, accounted for about 10 percent of cryptocurrency losses.
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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.
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Crypto Scammers are Disguising as BlackRock Officials to Lure Potential Victims: Details
Crypto scammers have been found impersonating BlackRock officials to deceive their victims. In investment scams, fraudsters often use limited-time offers to pressure victims, making the lure of a substantial reward overshadow their better judgment. BlackRock has released an urgent warning to the crypto community.
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Lured By Returns On Equity Investment, Thane Man Loses Rs 46 Lakh
A 65-year-old man from Thane city lost about Rs 46 lakh after allegedly being lured with handsome returns on equity investments, an official said on Thursday.
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60-Year-Old Man Loses Rs 31 Lakh In Online Crypto Investment Fraud: Cops
A 60-year-old man lost Rs 30.80 lakh in online cryptocurrency investment fraud, police said on Saturday.
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Thane Woman, 62, Loses Nearly Rs 1.5 Crore In Online Investment Fraud
A 62-year-old woman from Thane lost nearly Rs 1.5 crore after being lured with "high returns" on investments, an official said on Thursday.
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Social Media Link Leads To Share Trading Fraud, Techie Loses Rs 3.7 Crore
Police have registered a case against six persons for allegedly cheating a chemical engineer from Navi Mumbai in Maharashtra of Rs 3.7 crore after luring him to invest in shares for high returns, an official said on Tuesday.
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''How Fraudsters Trap You'': Mumbai Police Warns Public About Stock Market Investment Scams
Mumbai police alerted the public about how fraudsters pull off stock market investment scams and shared important tips for citizens to stay safe.
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Maharashtra Man Duped Of Rs 1.36 Crore In Online Trading Fraud, Case Filed
A 48-year-old man from Navi Mumbai in Maharashtra allegedly lost Rs 1.36 crore to cyber fraudsters who lured him to invest in share trading, police said on Sunday.
-
Ex-Ship Captain Loses Rs 11 Crore In Cyber Fraud; 1 Arrested
A 75-year-old retired ship captain here has lost a staggering Rs 11.16 crore over four months in a cyber fraud scheme falsely promising lucrative returns on stock market investments, police said.
-
Chargesheet Filed Against Foreign Service Officer In Money Laundering Case
The Enforcement Directorate on Wednesday said it has filed a chargesheet against Indian Foreign Service officer Neeharika Singh, her husband, and his companies as part of an alleged investment fraud linked money laundering case.
-
Archegos Founder Jailed For 18 Years For Massive Fraud: Report
The founder of US investment firm Archegos, Bill Hwang, was jailed for 18 years on Wednesday for a multibillion-dollar fraud that contributed to the fund's 2021 implosion, US media reported.
-
Delhi Police Uncovers Renewable Energy Fraud; Binance Aids in Tracing Illicit Funds
In a new development, Binance revealed that it collaborated with Delhi Police to investigate a renewable energy fraud. As a result, 100,000 USDT, equivalent to Rs. 84 lakh, has been seized.
-
Retail Investors Express Interest in Crypto, Yet Market Volatility and Fraud Risks Deter Participation: IOSCO Report
In a report, IOSCO noted that even in 2022, when the crypto sector's valuation fell below $1 trillion (roughly Rs. 1,67,09,363 crore), retail investors continued to invest in crypto assets. This trend was observed not only among retail investors in advanced economies but also among those in emerging markets.
-
Foreign Service Officer, Husband Charged With Duping Lucknow Doctor Of Rs 64 lakh
A police case has been filed against an Indian Foreign Service (IFS) officer and her husband for allegedly duping a doctor of over Rs 64 lakh on the pretext of investment, police said on Friday.
-
Crypto Fraud Increased 45 Percent in 2023 to $5.6 Billion, FBI Says
The FBI Internet Crime Complaint Center received nearly 69,500 complaints from consumers in the US and abroad last year. Call center frauds, such as government impersonation scams, accounted for about 10 percent of cryptocurrency losses.
-
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.
-
Crypto Scammers are Disguising as BlackRock Officials to Lure Potential Victims: Details
Crypto scammers have been found impersonating BlackRock officials to deceive their victims. In investment scams, fraudsters often use limited-time offers to pressure victims, making the lure of a substantial reward overshadow their better judgment. BlackRock has released an urgent warning to the crypto community.
-
Lured By Returns On Equity Investment, Thane Man Loses Rs 46 Lakh
A 65-year-old man from Thane city lost about Rs 46 lakh after allegedly being lured with handsome returns on equity investments, an official said on Thursday.
-
60-Year-Old Man Loses Rs 31 Lakh In Online Crypto Investment Fraud: Cops
A 60-year-old man lost Rs 30.80 lakh in online cryptocurrency investment fraud, police said on Saturday.
-
Thane Woman, 62, Loses Nearly Rs 1.5 Crore In Online Investment Fraud
A 62-year-old woman from Thane lost nearly Rs 1.5 crore after being lured with "high returns" on investments, an official said on Thursday.
-
Social Media Link Leads To Share Trading Fraud, Techie Loses Rs 3.7 Crore
Police have registered a case against six persons for allegedly cheating a chemical engineer from Navi Mumbai in Maharashtra of Rs 3.7 crore after luring him to invest in shares for high returns, an official said on Tuesday.
-
''How Fraudsters Trap You'': Mumbai Police Warns Public About Stock Market Investment Scams
Mumbai police alerted the public about how fraudsters pull off stock market investment scams and shared important tips for citizens to stay safe.
-
Maharashtra Man Duped Of Rs 1.36 Crore In Online Trading Fraud, Case Filed
A 48-year-old man from Navi Mumbai in Maharashtra allegedly lost Rs 1.36 crore to cyber fraudsters who lured him to invest in share trading, police said on Sunday.
