Mumbai Ponzi Scheme
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Jewellery Chain, Bonus Scheme, Limited Offer: Mumbai Scam Dupes Thousands
A jewellery chain with several stores in Mumbai has allegedly duped hundreds through a Ponzi scheme promising high returns. Torres jewellery has, however, shifted the blame to its CEO and other staff members
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6,600 Crores Collected In 'Bitcoin Ponzi Scheme', Woman Arrested In Mumbai
The Enforcement Directorate on Tuesday said it has arrested a woman and seized three luxury cars and some jewellery after recent raids against the promoters of a 'bitcoin ponzi scheme'.
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Assets Worth Rs 4.76 Crore Of Mumbai Firm Attached In Ponzi Scheme Case
The Directorate of Enforcement (ED) has provisionally attached immovable and movable properties totaling Rs 4.76 crores of a Mumbai based firm under the Prevention of Money Laundering Act, 2002 (PMLA) in a case relating to Ponzi Scheme.
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Enforcement Directorate Attaches Rs 91 Crore In Mumbai Ponzi Case
The Enforcement Directorate (ED) has attached over Rs 91 crore kept in a Singapore bank in connection with a money laundering probe in a Mumbai-based ponzi scam case.
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An Alleged Ponzi Scheme That May Have Cheated Up To 20 Lakh Investors
The Mumbai police on Saturday arrested the chief of Mumbai-based Sai Prasad Group of Companies for allegedly cheating investors and collecting up to Rs 2,000 crore in fraudulent schemes.
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NSEL crisis: Bourse was running a ponzi scheme, says Mumbai police
An official of the economic offences wing of Mumbai Police said on Friday that beleaguered bourse National Spot Exchange Ltd (NSEL), which is struggling with a crisis involving payments worth Rs 5,600 crore to its brokers and investors, was running a ponzi scheme and never intended to run an exchange.
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Jewellery Chain, Bonus Scheme, Limited Offer: Mumbai Scam Dupes Thousands
A jewellery chain with several stores in Mumbai has allegedly duped hundreds through a Ponzi scheme promising high returns. Torres jewellery has, however, shifted the blame to its CEO and other staff members
-
6,600 Crores Collected In 'Bitcoin Ponzi Scheme', Woman Arrested In Mumbai
The Enforcement Directorate on Tuesday said it has arrested a woman and seized three luxury cars and some jewellery after recent raids against the promoters of a 'bitcoin ponzi scheme'.
-
Assets Worth Rs 4.76 Crore Of Mumbai Firm Attached In Ponzi Scheme Case
The Directorate of Enforcement (ED) has provisionally attached immovable and movable properties totaling Rs 4.76 crores of a Mumbai based firm under the Prevention of Money Laundering Act, 2002 (PMLA) in a case relating to Ponzi Scheme.
-
Enforcement Directorate Attaches Rs 91 Crore In Mumbai Ponzi Case
The Enforcement Directorate (ED) has attached over Rs 91 crore kept in a Singapore bank in connection with a money laundering probe in a Mumbai-based ponzi scam case.
-
An Alleged Ponzi Scheme That May Have Cheated Up To 20 Lakh Investors
The Mumbai police on Saturday arrested the chief of Mumbai-based Sai Prasad Group of Companies for allegedly cheating investors and collecting up to Rs 2,000 crore in fraudulent schemes.
-
NSEL crisis: Bourse was running a ponzi scheme, says Mumbai police
An official of the economic offences wing of Mumbai Police said on Friday that beleaguered bourse National Spot Exchange Ltd (NSEL), which is struggling with a crisis involving payments worth Rs 5,600 crore to its brokers and investors, was running a ponzi scheme and never intended to run an exchange.
