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Probe Agency Seizes Business Jet At Hyderabad Airport In "Ponzi Scam" Case
The Enforcement Directorate has seized a business jet parked at the Hyderabad airport as part of a money laundering investigation against a Hyderabad-based company and its promoters who allegedly duped numerous investors.
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Ukraine Woman Among Masterminds Of Mumbai's Massive Ponzi Scam, Probe Finds
Two Ukrainian nationals, including a woman, have been identified as the masterminds of the Ponzi scam that has duped hundreds in Mumbai after promising them big returns on their investment
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Rs 37 Crore Deposits, Cash Seized In Raids Against Mumbai-Based Ponzi Company
Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.
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Probe Agency Raids Kerala-Based Ponzi Company That Duped Depositors Of Rs 1,500 Crore
The Enforcement Directorate Friday said it raided multiple locations in various states as part of a money laundering investigation against a Kerala-based company that allegedly duped depositors to the tune of Rs 1,500 crore through a ponzi scheme.
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2 Directors Of Bengal Firm Arrested For Diverting Rs 1,786 Crore
The Enforcement Directorate (ED) said it has arrested two directors of a West Bengal-based company that allegedly ran a ponzi scheme and diverted Rs 1,786 crore worth of public funds.
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Director Of West-Bengal Based Company Arrested In Money Laundering Case
The promoter and director of a West Bengal-based company that allegedly ran a ponzi scheme and cheated gullible investors has been arrested under the anti-money laundering law, the Enforcement Directorate said on Tuesday.
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4 Arrested From Kolkata By CBI In Rs 565-Crore Chit Fund Case
The Central Bureau of Investigation (CBI) has arrested a former deputy registrar of companies in Kolkata and three others in connection with its probe into a chit fund scam, an official of the agency said.
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Assets Of Ex Odisha MLA, Media Firm Attached In Ponzi Case
The Enforcement Directorate has attached assets worth over Rs 3.92 crore of a former BJD MLA and a media company in a money laundering case against the Seashore Group of companies accused of perpetrating an alleged ponzi fraud, officials said.
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Binance CEO Changpeng Zhao Sues Bloomberg’s Chinese Subsidiary for Defamation: Report
Binance CEO Changpeng Zhao has sued Bloomberg and its Chinese subsidiary Modern Media Company for defamation. The Chinese edition of Bloomberg Businessweek put Zhao on the cover of its 250th issue recently and controversially titled it — ‘Changpeng Zhao’s Ponzi Scheme’.
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Celsius Onboards New Legal Team to Assist on Its Restructuring, Days After Firing 25 Percent Staff
Celsius Network, the US-based crypto lender is currently struggling to cope with the ongoing slump in the global crypto arena. The company has hired a new legal team from the Kirkland & Ellis LLP law firm to help it come out of its corporate malfunctioning. The newly appointed team of lawyers will advise the Celsius team on various options, which m...
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Assets Worth Rs 6.28 Crore Of Saradha Group Of Companies In Assam Attached
The Enforcement Directorate (ED) has attached assets worth Rs 6.28 crore of Saradha Group of Companies in Assam for running illegal Ponzi schemes by befooling common people, the agency said on Friday.
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Chinese Crypto Addresses Sent $2.2 Billion To Scams, Darknets In 2019-2021: Report
Chinese cryptocurrency addresses sent more than $2.2 billion worth of digital tokens to addresses tied to illegal activity like darknet operations.
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Hollywood Actor Zach Avery Arrested In Multi-Million Dollar Ponzi Scheme
The actor allegedly used money from the scheme to fund a lavish lifestyle
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Kolkata Court Jails Chit Fund Official For 7 Years In Rose Valley Case
A court in Kolkata sentenced an official of chit fund company Rose Valley to seven years in jail for duping investors of their money through ponzi schemes floated by the firm.
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CBI Arrests Former Managing Directors Of 2 Companies In Investment Scam
The Central Bureau of Investigation (CBI) has arrested two former managing directors of companies in two separate cases related to a scam in which Rs 756 crore of investors' money is under scanner, officials said today.
-
Probe Agency Seizes Business Jet At Hyderabad Airport In "Ponzi Scam" Case
The Enforcement Directorate has seized a business jet parked at the Hyderabad airport as part of a money laundering investigation against a Hyderabad-based company and its promoters who allegedly duped numerous investors.
-
Ukraine Woman Among Masterminds Of Mumbai's Massive Ponzi Scam, Probe Finds
Two Ukrainian nationals, including a woman, have been identified as the masterminds of the Ponzi scam that has duped hundreds in Mumbai after promising them big returns on their investment
-
Rs 37 Crore Deposits, Cash Seized In Raids Against Mumbai-Based Ponzi Company
Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the Enforcement Directorate (ED) as part of a money laundering probe against a Mumbai-based financial consultant and his company.
-
Probe Agency Raids Kerala-Based Ponzi Company That Duped Depositors Of Rs 1,500 Crore
The Enforcement Directorate Friday said it raided multiple locations in various states as part of a money laundering investigation against a Kerala-based company that allegedly duped depositors to the tune of Rs 1,500 crore through a ponzi scheme.
-
2 Directors Of Bengal Firm Arrested For Diverting Rs 1,786 Crore
The Enforcement Directorate (ED) said it has arrested two directors of a West Bengal-based company that allegedly ran a ponzi scheme and diverted Rs 1,786 crore worth of public funds.
-
Director Of West-Bengal Based Company Arrested In Money Laundering Case
The promoter and director of a West Bengal-based company that allegedly ran a ponzi scheme and cheated gullible investors has been arrested under the anti-money laundering law, the Enforcement Directorate said on Tuesday.
-
4 Arrested From Kolkata By CBI In Rs 565-Crore Chit Fund Case
The Central Bureau of Investigation (CBI) has arrested a former deputy registrar of companies in Kolkata and three others in connection with its probe into a chit fund scam, an official of the agency said.
-
Assets Of Ex Odisha MLA, Media Firm Attached In Ponzi Case
The Enforcement Directorate has attached assets worth over Rs 3.92 crore of a former BJD MLA and a media company in a money laundering case against the Seashore Group of companies accused of perpetrating an alleged ponzi fraud, officials said.
-
Binance CEO Changpeng Zhao Sues Bloomberg’s Chinese Subsidiary for Defamation: Report
Binance CEO Changpeng Zhao has sued Bloomberg and its Chinese subsidiary Modern Media Company for defamation. The Chinese edition of Bloomberg Businessweek put Zhao on the cover of its 250th issue recently and controversially titled it — ‘Changpeng Zhao’s Ponzi Scheme’.
-
Celsius Onboards New Legal Team to Assist on Its Restructuring, Days After Firing 25 Percent Staff
Celsius Network, the US-based crypto lender is currently struggling to cope with the ongoing slump in the global crypto arena. The company has hired a new legal team from the Kirkland & Ellis LLP law firm to help it come out of its corporate malfunctioning. The newly appointed team of lawyers will advise the Celsius team on various options, which m...
-
Assets Worth Rs 6.28 Crore Of Saradha Group Of Companies In Assam Attached
The Enforcement Directorate (ED) has attached assets worth Rs 6.28 crore of Saradha Group of Companies in Assam for running illegal Ponzi schemes by befooling common people, the agency said on Friday.
-
Chinese Crypto Addresses Sent $2.2 Billion To Scams, Darknets In 2019-2021: Report
Chinese cryptocurrency addresses sent more than $2.2 billion worth of digital tokens to addresses tied to illegal activity like darknet operations.
-
Hollywood Actor Zach Avery Arrested In Multi-Million Dollar Ponzi Scheme
The actor allegedly used money from the scheme to fund a lavish lifestyle
-
Kolkata Court Jails Chit Fund Official For 7 Years In Rose Valley Case
A court in Kolkata sentenced an official of chit fund company Rose Valley to seven years in jail for duping investors of their money through ponzi schemes floated by the firm.
-
CBI Arrests Former Managing Directors Of 2 Companies In Investment Scam
The Central Bureau of Investigation (CBI) has arrested two former managing directors of companies in two separate cases related to a scam in which Rs 756 crore of investors' money is under scanner, officials said today.
