investment fraud

Thane, April 11 A special court in Maharashtra's Thane district has sentenced the mastermind of an investment fraud to three years of rigorous imprisonment, and ordered the government authorities to auction his seized properties to repay the money of hundreds of duped investors.In an order...

New Delhi, April 10 A major international cyber fraud syndicate, using illegal 'SIM Box' technology to deceive people through digital scam and fake investment schemes, has been busted in Delhi, with two accused arrested, police said on Friday.The Delhi Police's Intelligence Fusion and...

New Delhi, April 10 – The Central Bureau of Investigation (CBI) has filed a chargesheet against an accused based in Siliguri and a company incorporated by him, in connection with a major "digital fraud" cyber crime case involving the defrauding of a senior citizen in Delhi of nearly Rs 23 crore...

New Delhi, April 9 – In a major crackdown on organized cyber investment frauds, the Delhi Police's Crime Branch has arrested two key accused in separate cases involving cheated amounts exceeding Rs 74 lakh, officials said on Thursday.According to police, the arrests have exposed a...

Jaipur, April 9 – In a major breakthrough, the Dholpur Police have arrested Amit Gautam, the alleged mastermind behind a massive multi-crore fraud, who had been on the run for 6 years and carried a reward of Rs 43,000.The accused is believed to have defrauded over 200 individuals of...

New Delhi, April 9 The Delhi Police has arrested two men in connection with separate cyber investment fraud cases involving over Rs 74 lakh, an official said on Wednesday.In the first case, a man identified as Rahul Tyagi, a resident of Greater Noida, was arrested for his alleged role in a Rs...

New Delhi, March 30 The Enforcement Directorate said on Monday that it has returned assets worth more than Rs 15,000 crore to a special committee appointed by the Supreme Court, so that investors allegedly cheated in a Ponzi scheme by Chandigarh-based PACL (Pearls Group) can recover their dues...

New Delhi, March 28 – The Delhi Police has busted an investment fraud syndicate with the arrest of five individuals allegedly involved in operating a network of mule bank accounts used for cyber crimes, officials said on Saturday.A team from the Cyber Police Station of the South-West District...

Bhubaneswar, March 25 – The Odisha Police have arrested a man from Kolkata in connection with a multi-crore online investment scam in which a businessman from Cuttack was cheated of over Rs 12.33 crore, a senior Crime Branch official said on Wednesday.The 36-year-old accused, identified as...

Guwahati, March 24 – The Enforcement Directorate's (ED) Guwahati Zonal Office has provisionally attached assets worth ₹13.41 crore in connection with a major Ponzi scam involving M/s DB Stock Consultancy and its proprietor, Deepankar Barman, officials said on Tuesday.The operation was carried...

Bengaluru, March 24 – The Enforcement Directorate's (ED) Mangaluru Sub-Zonal Office has provisionally attached properties, including agricultural land and LIC policies, amounting to ₹1.66 crore in the names of Hariprasad Jayanna and Gajanana Wadeyar, under the Prevention of Money Laundering Act...

New Delhi, March 24 – In a major crackdown on cybercrime, the Delhi Police arrested 11 individuals on Tuesday who were involved in a well-organized investment fraud racket operating across Delhi and Mumbai. The accused allegedly defrauded a senior citizen of ₹22.67 lakh by luring him with...

New Delhi, March 23 Two individuals have been arrested for allegedly defrauding a Delhi resident of over Rs 21 lakh under the pretext of high-return online investments and prepaid services, police said on Monday.The police have arrested Narender, 24, and Prem Prakash alias Lovely, 38, both...

Thane, March 23 The Thane police have arrested two co-founders of cryptocurrency exchange platform CoinDCX in connection with an alleged fraud of Rs 71.6 lakh, officials said on Monday.The action follows the registration of an FIR at the Mumbra police station in Thane on March 16 against...

New Delhi, March 20 The Enforcement Directorate (ED) said it has attached fresh properties worth over Rs 5,000 crore as part of its investigation into money laundering against Chandigarh-based PACL (Pearls Group), accused of orchestrating a Rs 48,000 crore Ponzi scheme.These 126 immovable...

Gurugram, March 18 The Gurugram Police have cracked a nationwide cyber fraud network, arresting 10 individuals, an officer said on Wednesday.The police said the gang defrauded approximately Rs 40 crore through fraudulent activities between February and March.The accused were allegedly...

New Delhi, March 17 The Enforcement Directorate has recovered immovable assets worth Rs 650 crore for over 2,300 homebuyers as part of an investigation into money laundering against Faridabad-based real estate company SRS Group, officials said on Tuesday.They said a special provision in the...

Thane, March 17 A 42-year-old insurance consultant from Mumbra in the Thane district of Maharashtra was allegedly cheated of over Rs 71 lakh by cyber fraudsters who lured him into investing in cryptocurrency trading, police said on Tuesday.A case has been registered against six individuals at...

Kochi (Kerala), March 15 Police on Sunday arrested three directors of a firm accused of defrauding hundreds of investors of over Rs 100 crore through a fake investment scheme linked to agricultural tourism here, officials said.The accused were identified as Muraleedharan, Ashik Murali, and...

Washington, March 6: Artificial intelligence and deepfake technology are accelerating financial scams in the United States, lawmakers were told, as banks and credit unions warned that criminals are using increasingly sophisticated tools to impersonate victims, manipulate consumers, and steal...