Ponzi Fraud

The Enforcement Directorate (ED), on Tuesday conducted searches at 5 locations in Bengaluru and Mandya district of Karnataka, according to the Enforcement Directorate (ED).

The Enforcement Directorate (ED) on Monday said it has seized Rs 1.21 crore cash and gold and diamond jewellery worth more than Rs 5 crore after it raided some Nagpur-based persons in a money laundering case linked to alleged investment 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...

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...

The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulentcryptopyramid and Ponzi scheme that raised over $300 million from retail investors worldwide, including in the United States.

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.

A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig the price of its own crypto token and failed to properly hedge risk, causing it to freeze customer assets.

Crypto lender Celsius Network was served with lawsuit by a former investment manager, Jason Stone, accusing the firm of using customer deposits to rig the price of its own crypto token. Celsius allegedly ran a Ponzi scheme to defraud the plaintiff KeyFi into providing services worth millions of dollars and refusing to pay for them.

Ruja Ignatova, the founder of Ponzi scheme OneCoin, has been added to Europe’s list of most wanted fugitives as of Wednesday. Ignatova is known for being the founding head of OneCoin, one of the biggest scams in the history of crypto, and the basis of the BBC podcast series, titled The Missing Cryptoqueen.

The Enforcement Directorate has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore

The founder of now-defunct cryptocurrency investment platform BitConnect has been indicted by the US Department of Justice on charges of orchestrating a global ponzi scheme worth $2.4 billion (roughly Rs. 18,110 crore).

A special PMLA Court in Mumbai has ordered confiscation of Rs 300 crore kept in Singaporean banks in a money laundering probe linked to an alleged Ponzi fraud perpetrated against nearly 70,000 depositors by the promoter of a Mumbai-based company.

The Economic Offences Wing (EOW) of the Ahmedabad city crime branch has arrested a man and his sister for allegedly duping several people of Rs 2.92 crore through ponzi schemes, officials said on Wednesday.

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.

An alleged Jharkhand ponzi case fraud accused has been arrested by the Enforcement Directorate (ED) from West Bengal under the anti-money laundering law, the central agency said on Monday.

The Enforcement Directorate (ED), on Tuesday conducted searches at 5 locations in Bengaluru and Mandya district of Karnataka, according to the Enforcement Directorate (ED).

The Enforcement Directorate (ED) on Monday said it has seized Rs 1.21 crore cash and gold and diamond jewellery worth more than Rs 5 crore after it raided some Nagpur-based persons in a money laundering case linked to alleged investment 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...

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...

The Securities and Exchange Commission said on Monday it charged 11 people for their roles in creating and promoting a fraudulentcryptopyramid and Ponzi scheme that raised over $300 million from retail investors worldwide, including in the United States.

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.

A former investment manager at Celsius Network sued the crypto lender on Thursday, saying it used customer deposits to rig the price of its own crypto token and failed to properly hedge risk, causing it to freeze customer assets.

Crypto lender Celsius Network was served with lawsuit by a former investment manager, Jason Stone, accusing the firm of using customer deposits to rig the price of its own crypto token. Celsius allegedly ran a Ponzi scheme to defraud the plaintiff KeyFi into providing services worth millions of dollars and refusing to pay for them.

Ruja Ignatova, the founder of Ponzi scheme OneCoin, has been added to Europe’s list of most wanted fugitives as of Wednesday. Ignatova is known for being the founding head of OneCoin, one of the biggest scams in the history of crypto, and the basis of the BBC podcast series, titled The Missing Cryptoqueen.

The Enforcement Directorate has arrested an accused in connection with its money laundering probe against a Kerala-based businessman, who is alleged to have cheated more than 900 investors to the tune of Rs 1,200 crore

The founder of now-defunct cryptocurrency investment platform BitConnect has been indicted by the US Department of Justice on charges of orchestrating a global ponzi scheme worth $2.4 billion (roughly Rs. 18,110 crore).

A special PMLA Court in Mumbai has ordered confiscation of Rs 300 crore kept in Singaporean banks in a money laundering probe linked to an alleged Ponzi fraud perpetrated against nearly 70,000 depositors by the promoter of a Mumbai-based company.

The Economic Offences Wing (EOW) of the Ahmedabad city crime branch has arrested a man and his sister for allegedly duping several people of Rs 2.92 crore through ponzi schemes, officials said on Wednesday.

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.

An alleged Jharkhand ponzi case fraud accused has been arrested by the Enforcement Directorate (ED) from West Bengal under the anti-money laundering law, the central agency said on Monday.